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| Author: | Kirchhoff, S. |
| Title: | Green business and blue angels |
| Journal: | Environmental and Resource Economics
2000 : APR, VOL. 15:4, p. 403-420 |
| Index terms: | ENVIRONMENTAL ECONOMICS NATURAL RESOURCES BUSINESS ECONOMICS |
| Language: | eng |
| Abstract: | This paper presents a model of a monopolist's voluntary overcompliance with legal environmental standards under asymmetric information about the firm's environmental impacts. The key assumptions are: the existence of quality premia for environmental soundness, a positive but imperfect degree of monitoring, and adaptive consumer expectations. Conditions necessary for overcompliance to arise in a profit-maximizing equilibrium are derived. |
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