Voluntary Clubs: An Introduction
Voluntary Clubs: An Introduction
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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