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Public, Private and Nonprofit Regulation for Environmental Quality

Public, Private and Nonprofit Regulation for Environmental Quality This paper studies the welfare implications of different institutions certifying environmental quality supplied by a monopoly. The monopolist can voluntarily certify the quality of the product through an eco‐label provided either by an NGO or a for‐profit private certifier (PC). The NGO and the PC may use advertisement to promote the label. We compare the NGO and PC regimes with the regime where the regulator imposes a minimum quality standard. The presence of a private certifier in the market decreases the scope for public intervention. The availability of green advertisement reinforces the above result. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economics & Management Strategy Wiley

Public, Private and Nonprofit Regulation for Environmental Quality

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References (31)

Publisher
Wiley
Copyright
© 2009, The Author(s) Journal Compilation © 2009 Wiley Periodicals, Inc.
ISSN
1058-6407
eISSN
1530-9134
DOI
10.1111/j.1530-9134.2009.00209.x
Publisher site
See Article on Publisher Site

Abstract

This paper studies the welfare implications of different institutions certifying environmental quality supplied by a monopoly. The monopolist can voluntarily certify the quality of the product through an eco‐label provided either by an NGO or a for‐profit private certifier (PC). The NGO and the PC may use advertisement to promote the label. We compare the NGO and PC regimes with the regime where the regulator imposes a minimum quality standard. The presence of a private certifier in the market decreases the scope for public intervention. The availability of green advertisement reinforces the above result.

Journal

Journal of Economics & Management StrategyWiley

Published: Mar 1, 2009

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