*This paper synthesizes the expanding corporate social responsibility (CSR) literature. We define CSR from an economic perspective and develop a CSR taxonomy that connects disparate approaches to the subject. We explore whether CSR should exist and investigate conditions when CSR may produce higher welfare than other public good provision channels. We also explore why CSR does exist. Here, we integrate theoretical predictions with empirical findings from economic and noneconomic sources. We find limited systematic empirical evidence in favor of CSR mechanisms related to induced innovation, moral hazard, shareholder preferences, or labor markets. In contrast, we uncover consistent empirical evidence in favor of CSR mechanisms related to consumer markets, private politics, and public politics. (JEL D21, L21, M14)

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Economic Perspectives on Corporate Social Responsibility

Research traditions across the social sciences have explored the drivers of individual behavior and proposed different models of decision making. Four diverse perspectives are reviewed here: conventional and behavioral economics, technology adoption theory and attitude-based decision making, social and environmental psychology, and sociology. The individual decision models in these traditions differ axiomatically. Some are founded on informed rationality or psychological variables, and others emphasize physical or contextual factors from individual to social scales. Each perspective suggests particular lessons for designing interventions to change behavior. Throughout the review, these lessons are applied to decisions affecting residential energy use. Examples are drawn from both intuitive and reasoning-based types of decision as well as from a range of decision contexts that include capital investments in weatherization and repetitive behaviors such as appliance use. Areas of difference and similarity be...

https://www.annualreviews.org/doi/pdf/10.1146/annurev.energy.32.053006.141137

Models of Decision Making and Residential Energy Use

Causal relationship between energy consumption and gdp revisited: the case of korea 1970-1999

Generalized random utility model

https://isiarticles.com/bundles/Article/pre/pdf/11132.pdf

A multivariate causality test of carbon dioxide emissions, energy consumption and economic growth in China

We examine small/medium commercial and industrial customers' choices among energy suppliers in conjoint-type experiments The distribution of customers' willingness to pay is estimated for more than 40 attributes of suppliers, including sign-up bonuses, amount and type of renewables, billing options, bundling with other services, reductions in voltage fluctuations, and charitable contributions These estimates provide guidance for suppliers in designing service options and to economists in anticipating the services that will be offered in competitive retail energy markets

https://www.jstor.org/stable/info/41322898

Kathleen Hudson

Papers

Customers' Choice Among Retail Energy Suppliers: The Willingness-to-Pay for Service Attributes