Estimation of social multiplier with application: cartel and environmental standard

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An economic agent at least depends on the action of the group that the economic agent belongs. How does the action of the group have an influence on an economic agent? The purpose of this research is to estimate a social multiplier that means to what extent the economic agent is sensitive to the action of the group. As an example, I take the cartel actually implemented in Japan. The social multiplier estimated is statistically significant and positive. This shows the agent positively synchronize the group. The group could not cartelize when the norm of the economic environment worked properly.