Optimal Strategies of Product Price, Quality, and Corporate Environmental Responsibility
Bibliographic Data
| ID | 15475501 |
|---|---|
| Authors | Wei Peng (0000-0002-2229-4682, Shandong University of Science and Technology), Baogui Xin (0000-0002-7739-4808, Shandong University of Science and Technology, corresponding author), Yekyung Kwon (Dongseo University) |
| Year | 2019 |
| Volume | 16 |
| Issue | 23 |
| Pages | 4704-4704 |
| Publication date | 2019-11-26 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Environmental Research and Public Health (JOURNAL) |
| Journal identifiers | ISSN: 1661-7827 • E-ISSN: 1660-4601 |
| Publisher | Multidisciplinary Digital Publishing Institute (PUBLISHER • CH) |
| DOI | 10.3390/ijerph16234704 |
| PMID | 31779182 |
| OpenAlex | W2990153525 |
| Language | EN |
| Citations received | 3 |
| References cited | 65 |
With the awakening of environmental consciousness, more and more firms desire to go "green" by shifting their focus of corporate social responsibility (CSR) from charitable contributions to environmental actions called corporate environmental responsibility (CER). We develop a monopoly differential game to depict optimal corporate strategies of product price, quality, and CER. Using the Hamilton-Jacobi-Bellman (HJB) equation, we analyze optimal feedback equilibrium strategies for pricing and investing in both quality and CER with/without government subsidies. Numerical simulations show that government subsidy can improve CER and profit
Business · Corporate social responsibility · Economics · Environmental economics · Government (linguistics · Hamilton–Jacobi–Bellman equation · Market economy · Mathematical economics · Microeconomics · Monopoly · Product (mathematics · Profit (economics · Public relations · Quality (philosophy · Social responsibility · Subsidy · Corporate Social Responsibility Reporting · Environmental Sustainability in Business · Sustainable Supply Chain Management
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Corporate Environmental Responsibility
CSR and environmental responsibility
Corporate Social Responsibility
The Effect of Environmental Corporate Social Responsibility on Environmental Performance and Business Competitiveness
The Causal Effect of Corporate Governance on Corporate Social Responsibility
Moderating effect of firm size on the influence of corporate social responsibility in the economic performance of micro-, small- and medium-sized enterprises
The Impact of Interactive Corporate Social Responsibility Communication on Corporate Reputation
Optimal Coordination Strategy for International Production Planning and Pollution Abating under Cap-and-Trade Regulations
Optimal Advertising Policy under Dynamic Conditions
Corporate Governance and Firm Value
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,75 |
| Citation span | 2022 - 2024 (3) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |