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The purpose of this paper is to offer the economic theory of clubs as a potential unifying paradigm for the study of ethnic economies and social capital.

The paper examines the basic concepts of club theory, and reviews the empirical literature. It then applies club theory to the notion of social capital within the context of ethnic communities. It is argued that although various sociological frameworks of social capital and social networks have provided powerful descriptive models of ethnic and immigrant population behaviors, social capital needs to be examined from an economic perspective to increase prescriptive capabilities.

Using club theory the paper conceptualizes the benefits derived from an ethnic grouping – among which social capital can be considered the most important – as a “club” good, supplied at the co‐ethnic level and demanded by the various key stakeholders within an ethnic community. While these benefits are at least partially non‐rivalrous, they have clear characteristics of excludability and therefore form a “pseudo‐public” good. Four propositions are then offered regarding the behavior of ethnic entrepreneurs who draw from these important ethnic resources.

This paper offers a new way to examine social capital within ethnic communities. It also provides an economic foundation to begin analyzing optimal economic and social structures within these communities.

Since Piore’s (1979) seminal work on ethnic economies, there has been significant development in our understanding of the grouping process of immigrants and co-ethnics into economic, social, and political units, and the behavior of immigrant entrepreneurs within these groups. During the past two decades a number of sociologists have contributed several important concepts to the study of ethnic entrepreneurship such as social capital (e.g. Portes, 1998; Portes & Landolt, 1996, 2000), social embeddedness and network ties (e.g. Kloosterman & Rath, 2001; Portes & Sensenbrenner, 1993; Rath, 2002), and fine tuning the definitional distinctions between levels of co-ethnic cohesiveness, such as ethnic neighborhoods, ethnic economies, and ethnic enclaves (e.g. Light & Gold, 2000; Waldinger, 1982; Waldinger et al., 1990). More recently, business theorists have started to examine the problem of ethnic economic activity, incorporating more economic and entrepreneurship strategy concepts such as resource dependency (Greene, 1997), buyer-supplier relationships (Galbraith et al., 2003), access to financing (Smallbone et al., 2002), and differential marketing systems (Iyer & Shapiro, 1999). What appears to be sometimes lacking in modern discussions of ethnic economies and entrepreneurial behavior, however, is an underlying and unifying theoretical paradigm.

The purpose of this paper is to analyze economically several versions of the philosophical common good in order to contribute to the search for a viable conceptualization of the common good.

The paper presents an economic analysis of the common good by examining the extent to which eight different versions of the philosophical concept possess the consumption characteristics of excludability and rivalry – and thus how each version may be classified as an economic good: private, public, common, or club.

One of the examined versions of the philosophical common good is an economic common good; three versions are club goods; and four versions are public goods. Only those versions of the common good that are classifiable as public goods merit consideration as adequate conceptualizations in political and philosophical thought. In assessing the admissible versions the authors conclude that a viable conceptualization of the common good may simply be the maintenance of a peaceful social order that allows people to pursue their individual and collective goals in community.

The paper shows that an analysis of the philosophical common good using the economic criteria of excludability and rivalry can contribute to common good discourse.

This paper aims to classify major elements in a typology of gated communities and develop a framework that can be used to promote international comparison of this built form.

The paper draws on a survey of 77 gated housing estates in Hong Kong and interviews with major stakeholders to develop and order a classification of elements of a typology of gated communities. Principle component analysis and regression analysis are used in conjunction with insights from 20 in-depth and about 70 open-ended face-to-face interviews.

This paper explores Hong Kong’s gated communities to evaluate the relationships between the four main elements of a typology of gated communities: supply, demand, features of gated estates and characteristics of built form. It is suggested that there is a hierarchical relationship between the elements, i.e. supply and demand are higher-order elements and features of gated housing and characteristics of the housing stock are lower-order elements. The paper additionally highlights the impact of definitional and conceptual drift in key concepts, such as security, privacy, prestige and lifestyle, on developing robust typologies.

The paper reviews the many and varied typologies of gated communities in the international literature, classifies the elements into four main groups and posits a hierarchical relationship between these elements. This paper proposes a robust methodology for further comparative research into gated communities.

This study aims to help develop “business principles for stakeholder capitalism” in two steps. First, the study defines internal logic of three theories of capitalism and two variants within each theory. Second, it examines approaches to integration into modern democratic capitalism. Treating the three theories as substitutes identifies relative strengths and weaknesses; complementarity and partial overlap approaches to integration study the institutional settings within which stakeholder capitalism operates. Empirical outcomes reflect competition between market and stakeholder businesses for participants, with institutional conditions determining the scope of collective action.

The approach aligns three typologies in a unique conceptual arrangement defining the three theories of capitalism: forms of capitalism, potential failures of each form and associated types of goods. The first method examines the internal logic of each theory of capitalism. The second draws on traditional narrative review of references documenting each theory of capitalism and variants together with modern Marxist anti-capitalism.

Three typologies align uniquely with the theories of capitalism, each having two variants. Both variants of stakeholder capitalism are compatible with compassionate capitalism, constitutional government or polycentric governance but not with self-interest capitalism, dictatorship or Marxism. A theory of modern democratic capitalism allocates roles for private, club and social goods with empirically variable mixes occurring across countries. Competition among different types of enterprises provides an empirical test for comparative advantages of stakeholder capitalism. Future research should consider approaches for testing the proposed conceptual scheme in practice concerning capacity to deal with grand challenges, wicked problems and black swan events.

Research approach is limited to logical examination of theories and literature documentation without direct empirical confirmation. The study does not address practical implications for managers and public officials or social implications concerning private incentives, stakeholder cooperation or collective action.

Originality lies in shifting terms of debate about stakeholder capitalism from advocacy of substitute theories to understanding of its relationship to market capitalism and collective action capitalism. Value lies in explaining desirability of theoretical integration of three types of capitalism into a comprehensive framework for modern democratic capitalism.

The purpose of this paper is to apply club good theory to challenges in climate justice and to identify the opportunities for creating a club of countries or regions to support climate justice and/or mitigate climate change, as well as the threats that such clubs could lead to the real exclusion of large parts of the world from climate justice.

A theoretical analysis is provided regarding the conditions for creating a club for climate change mitigation. Indicators of good governance and trust, as well as the Notre Dame Global Adaptation Index (ND-GAIN), are used to assess the capacity for creating such a club.

While opportunities for achieving climate justice are identified, climate change mitigation is likely to be at most a club good at the global level, thus excluding the most vulnerable countries, regions and groups of people. Although the threats of climate change may be acknowledged, they are easily neglected. Economic growth is likely to be a condition for economic sustainability, which in turn tends to be a condition for environmental sustainability. Decision makers should be conscious of the potential danger of creating a club for climate change mitigation based on the belief that economic growth and technology will solve these problems, as such a club is likely to be either unsustainable, or very small, while deepening existing injustice.

The authors provide an overview of the complexity of issues involved, to gain an appreciation of the vast, perhaps insurmountable, challenges facing climate justice. A club good approach is applied to issues of climate justice, emphasizing the limitations of the all-inclusiveness of climate justice and sustainable development.

The purpose of this paper is to explore the managerial challenges of shared brands, defined as arrangements whereby a single brand name acts as the sole or principal identity for the products of two or more firms, and where brand management is governed by an entity independent from a single firm.

An exploratory, theory‐building approach is adopted. The paper draws from the brand equity and institutional economics literatures to develop a conceptualisation of club brands, of which shared brands represent one type. The managerial challenges for the latter are explored with reference to secondary evidence and two cases based in the food sector.

The analysis proposes that the exclusive and non‐rivalrous characteristics of club brands pose specific managerial challenges in the key decision‐making phases of brand identity creation, reputation building and reputation protection. Case exploration of shared brands illustrates these challenges, although some are attributed to the distinct governance structure of shared brands rather than their club characteristics.

Through a focus on shared brands, the paper offers an original exploration of a type of branding arrangement which has been overlooked in the literature, but whose use is growing amongst practitioners. It also offers a novel conceptualisation of brands that highlights the bias towards individualism in mainstream branding theory and its preoccupation with customer‐facing managerial tasks.

Nature and landscape and the quality of soil, water and air are indicated as the environment. On the basis of exclusiveness and rivalry the environment is a public good. Modern mechanized and intensified agriculture has reduced qualities of this environment. These consequences are negative external effects of contemporary agriculture, and in this sense a typical example of market failure. Government intervention is, because of x‐inefficiency and allocation inefficiency, not without problems. An alternative would be to apply a decentralized decision‐making process. The “club” theory offers a theoretical basis from which it can be deduced that co‐operation by farmers in the shape of an environmental co‐operative is a Pareto efficient alternative to Government interventions. For legitimacy, effectiveness and efficiency it is important that covenants, transferable pollution rights or permits and management agreements are a coherent part of the instruments of an environmental co‐operative.

This study investigates the observed resurgence in religious beliefs seen across many societies during the COVID-19 pandemic. Using the economic theory of religious clubs, the author models religious participation during the pandemic as a mechanism for alleviating the financial distress associated with the health distress from the pandemic.

Using data from the COVID-19 National Longitudinal Phone Survey (NLPS) in Nigeria, the author investigates the economic motivation for religious intensity during the COVID-19 pandemic. To address endogeneity concerns, the author exploits geographic variables of temperature and longitudes as sources of COVID-19 risk.

Overall, health distress stimulates religious intensity. Consistent with the economic theory of religious clubs, adverse health shocks stimulate financial distress, and the effect is stronger among religious participants. Similarly, people see God and not the government as a source of protection against COVID-19.

The study’s model sees religious organizations as public goods providers, especially when governments and markets are inefficient.

The study’s recommendations support an expanded role for religious networks in healthcare delivery and more public funding to attenuate the post-pandemic resurgence of social violence in economically distressed regions.

Despite the research interest in the COVID-19 pandemic, the long-term implications, many of which relate to social behavior adjustments that cause individuals to identify more closely with their social group, need greater understanding. Suppose religious intensity is linked to economic distress. In that case, this is a major source of worry for countries whose economies are subject to higher fluctuations and where the governments and markets are inefficiently organized. These regions may be more susceptible to a resurgence in religious fundamentalism associated with the economic shocks from the pandemic. Consequently, these regions would require more public funding to attenuate the potential for costly activities like organized violence, suicide attacks and terrorist activities in the aftermath of the pandemic.

Prompted by the observation of the increase in religious identity through religious intensity during the pandemic, the author contributes by developing theoretically-based hypotheses that are incentive-compatible to provide a rational justification for the observation. The author empirically validates the hypothesis by taking advantage of the COVID-19 National Survey in Nigeria by specifically using survey rounds 4 and 7 which have more comprehensive religious items included.

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-11-2022-0719

This paper studies the political economy of the endogenous urban–rural divide in two dimensions: labor market and provision of public goods.

This paper gives a dual-sector model endogenously depending on the consumption of public goods (club goods), the number of rural–urban migrants and the tax rate (transfer payments).

According to the research findings in this paper, the constraints on the participation of rural residents portray the rural residents' bargaining power, and in the game between the urban elites and the rural residents, tax rates depend on the preferences of the urban elites and the constraints urban elites and the rural residents jointly face. Therefore, the urban elites have to set tax rates deviating from the most preferred ones. The model in this paper can explain a series of empirical findings and yield new theoretical findings for empirical testing.

Significantly, the paper finds that the increase in agricultural productivity will lead to industrialization, accompanied by the disintegration of the dual-sector model. However, though the increase in industrial productivity can accelerate industrialization, it will further expand the urban–rural divide.