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Voluntary ProgramsA Club Theory Perspective$
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Matthew Potoski and Aseem Prakash

Print publication date: 2009

Print ISBN-13: 9780262162500

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262162500.001.0001

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Voluntary Clubs: An Introduction

Voluntary Clubs: An Introduction

(p.xii) (p.1) 1 Voluntary Clubs: An Introduction
Voluntary Programs

Matthew Potoski

Aseem Prakash

The MIT Press

This chapter introduces the effect that voluntary programs and clubs have on particular firms. The purpose and rationale for voluntary programs policy is to encourage the implementation and creation of positive externalities while at the same time moderating the production of negative externalities. The presence of externalities means a failure in the market on account of the production of goods which are not of a socially optimal quantity. The chapter also outlines the purpose of the book, which is to contribute to the literature on voluntary programs, which have also been referred to as private authority regimes, private law, and private regulation. The introduction makes brief mention of the contents of each chapter of the book, which is composed of three theoretical chapters and nine empirical ones.

Keywords:   voluntary programs, private authority regimes, private law, private regulation, firms, clubs, positive externalities

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