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(2016) Understanding ethics and responsibilities in a globalizing world, Dordrecht, Springer.
Erosion of sovereign control
deliberation, "we-reasoning," and the legitimacy of norms and standards in a globalized world
Juljan Krause, Markus Scholz
pp. 83-101
This chapter analyzes the complex ways in which new norms and standards emerge out of multi-stakeholder initiatives when stakeholders have conflicting interests. We present a team game-theoretical framework in which players can switch between two kinds of reasoning: an individual mode in which stakeholders aim for the best possible outcome for themselves and a "we-mode" in which they are genuinely concerned with finding a standard that is optimal for the whole group. We show that a higher inclination towards "we-mode" reasoning is beneficial overall and maximizes individual payoffs and the outcome for the entire group. We argue that cooperation is therefore in the rational self-interest of stakeholders; it is not just desirable from a vague moral perspective. We conclude that in a world where national regulatory frameworks are losing their grip, only norms that have been worked out by a sufficiently large number of "we-reasoning" stakeholders can be called legitimate.
Publication details
DOI: 10.1007/978-3-319-23081-8_5
Full citation:
Krause, J. , Scholz, M. (2016)., Erosion of sovereign control: deliberation, "we-reasoning," and the legitimacy of norms and standards in a globalized world, in M. C. Coutinho De Arruda & B. Rok (eds.), Understanding ethics and responsibilities in a globalizing world, Dordrecht, Springer, pp. 83-101.
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