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Effects of corporate social responsibility on food safety

Agricultural economics (Praha), 2017-01, Vol.63 (12), p.539-547 [Peer Reviewed Journal]

2017. This work is published under https://www.agriculturejournals.cz/web/about/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 0139-570X ;EISSN: 1805-9295 ;DOI: 10.17221/177/2016-AGRICECON

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  • Title:
    Effects of corporate social responsibility on food safety
  • Author: CHEN, You-Hua ; NIE, Pu-Yan ; YANG, Yong-Cong
  • Subjects: Food ; Food industry ; Food processing industry ; Food quality ; Food safety ; game theory ; Profits ; quality regulation ; Regulations ; Social responsibility ; social welfare
  • Is Part Of: Agricultural economics (Praha), 2017-01, Vol.63 (12), p.539-547
  • Description: This paper develops the theory of corporate social responsibility (CSR) in the food industry. The effects of CSR on the food industry are captured. First, we argue that CSR reduces the profits of a CSR firm under monopoly. Second, under complete information, regulation does not improve social welfare. We find that both active price regulation and active quality regulation reduce a monopolist’s profits, consumer surplus and social welfare. Finally, under incomplete information, the monopolist exaggerates quality as much as possible. With quality regulation, CSR reduces exaggerated quality in the food industry.
  • Publisher: Prague: Czech Academy of Agricultural Sciences (CAAS)
  • Language: English;Czech
  • Identifier: ISSN: 0139-570X
    EISSN: 1805-9295
    DOI: 10.17221/177/2016-AGRICECON
  • Source: ProQuest Central
    DOAJ Directory of Open Access Journals
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