“Ethical Consumerism (Philip Trammell)” by Global Priorities Institute, trammell

This paper was published as a GPI working paper in October 2024. Abstract I study a static production economy in which consumers have not only preferences over their own consumption but also external, or “ethical”, preferences over the supply of each good. Though existing work on the implications of external preferences assumes price-taking, I show that ethical consumers generically prefer not to act even approximately as price-takers. I therefore introduce a near-Nash equilibrium concept that generalizes the near-Nash equilibria found in literature on strategic foundations of general equilibrium to accommodate ethical preferences. I find (narrow) sufficient criteria under which such equilibria exist, and characterize consumer behavior in all such equilibria. Finally I find that ethical preferences can have arbitrary impacts on consumer behavior in equilibrium, including motivating a consumer (1) to decrease her consumption of all goods which she would prefer in greater supply and vice-versa, or (2) not [...] ---Outline:(00:12) Abstract(01:16) 1 Introduction(01:20) 1.1 Motivation(06:19) Results with relevance to actors in the EA community(06:53) Impacts of expenditures on supply(08:28) Anything goesThe original text contained 2 footnotes which were omitted from this narration. The original text contained 1 image which was described by AI. --- First published: October 16th, 2024 Source: https://forum.effectivealtruism.org/posts/rKB68JhaNFsezkXuM/ethical-consumerism-philip-trammell --- Narrated by TYPE III AUDIO. ---Images from the article:Apple Podcasts and Spotify do not show images in the episode description. Try Pocket Casts, or another podcast app.