Abstract
The importance of ethical consumerism to many companies worldwide has increased dramatically in recent years. Ethical consumerism encompasses the importance of non-traditional and social components of a company's products and business process to strategic success – such as environmental protectionism, child labor practices and so on. The present paper utilizes a random utility theoretic experimental design to provide estimates of the relative value selected consumers place on the social features of products.
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Auger, P., Burke, P., Devinney, T.M. et al. What Will Consumers Pay for Social Product Features?. Journal of Business Ethics 42, 281–304 (2003). https://doi.org/10.1023/A:1022212816261
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DOI: https://doi.org/10.1023/A:1022212816261