Why the Business Case Won't Save the World
Chapter 7: GOOD FENCES MAKE GOOD NEIGHBOURS: A LONGITUDINAL ANALYSIS OF AN INDUSTRY SELF-REGULATORY INSTITUTION
We extend theories of self-regulation of physical commons to analyze self-regulation of intangible commons in modern industry. We posit that when the action of one firm can cause “spillover” harm to others, firms share a type of commons. We theorize that the need to protect this commons can motivate the formation of a self-regulatory institution
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