Impact Trickles Down: A General Equilibrium Theory of Stakeholder Exit and Engagement
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How do purpose-driven stakeholders induce reform? Using a multi-sided matching equilibrium, we show that whether they exit or engage depends on whether social harm scales with productivity. When harm is uncorrelatedan implicit assumption in most literaturepurpose-driven stakeholders engage and
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美国国家经济研究局创建时间：
2026-04-01
