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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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A Club Theory Approach to Voluntary Programs

A Club Theory Approach to Voluntary Programs

Chapter:
(p.16) (p.17) 2 A Club Theory Approach to Voluntary Programs
Source:
Voluntary Programs
Author(s):

Matthew Potoski

Aseem Prakash

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262162500.003.0002

This chapter presents three theoretical approaches on voluntary programs, first explaining how clubs operate within traditional economic theory. They are institutions that produce and allocate public goods. The chapter credits the recent work of Richard Cornes and Todd Sandler for their advancements in the theoretical as well as empirical applications of these club concepts. The chapter also discusses the purpose, benefits, and implications of certain club standards, which specify what firms need to accomplish in order to join the club. While some clubs have relatively lenient standards, others impose certain obligations; the chapter discusses the pros and cons of both types. It looks at many more aspects of clubs, particularly how to categorize them, their size and scope, their monitoring and enforcement, and their efficacy. In conclusion, the chapter defends the importance of clubs in what they have to offer and explores how they can be improved.

Keywords:   voluntary programs, club concepts, club standards, monitoring, Richard Cornes, Todd Sandler, traditional economic theory, economic theory

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