Journal
TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW
Volume 128, Issue -, Pages 506-525Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.tre.2019.07.006
Keywords
Corporate social responsibility; Pricing; Evolutionary game theory; One-population game
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With the growing consciousness of social sustainability, corporate social responsibility (CSR) has become a serious challenge to manufacturers. This paper analytically analyzes pricing strategy and long-term behavior of socially concerned manufacturers through a one-population evolutionary game theory. Considering two main strategies, i.e., non-CSR and CSR, we investigate what strategy will eventually be the best strategy for the manufacturers and which strategy will eventually be chosen by the majority of the manufacturers. Besides, analytical sensitivity analyses and managerial insights are derived which reveal that a socially concerned manufacturer can offer a higher price for its products compared to a profit-maximizing manufacturer.
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