AFSE Awards > The AFSE Edmond Malivaud Prize

Every year the AFSE awards a Prize for the best paper published in an indexed EconLit, peer-reviewed journal in the past two years by a young economist affiliated to a French laboratory.

The jury* of the Malinvaud Prize 2023 is pleased to award:  

 Michele FIORETTI (Sciences Po)

for his paper entitled Caring or Pretending to Care? Social Impact, Firms’ Objectives, and Welfare, published in 2022 in the Journal of Political Economy, Vol. 130, Issue 11, pp. 2898-2942

The jury wanted to shed light on the topic of firms’ social responsibility for which only a limited amount of literature aiming at quantifying possible impacts is available. This paper has the merit of opening the black box of social impact to understand the welfare implications for concerned agents. In particular, results obtained by Michele highlight that consumers might have a limited role in explaining corporate prosocial expenses. Therefore, social impact implies a trade-off between the payoffs to the firm and its suppliers rather than between the payoffs to the firm and its consumers, suggesting new avenues of research, as most of the social responsibility literature focuses on consumer choices.  

The jury especially appreciated the combination of techniques carried out by Michele: micro data analysis with large data sets, econometric methods, development of a new structural model to disentangle drivers of supply and demand. Throughout this single-author paper, Michele shows that he masters the toolkit of modern economists and uses it efficiently to shed light on a major topic.

Michele Fioretti, biography

He is currently working on a 2-year project related to governance problems in decentralized networks with the support of McCourt Institute.

More about Michele Fioretti

*Composition of this year's jury:

  • Laurent Ferrara, Chair (SKEMA Business School, President)
  • Ghazala Azmat (Sciences Po)
  • Pierre Boyer (Ecole Polytechnique)
  • Isabelle Mejean (Sciences Po)
  • Céline Poilly (AMSE)
  • Fabien Tripier (Université Paris Dauphine)


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