Consumers increasingly care about the environmental quality of the goods they consume. However, limited attention impairs consumers' ability to compare and evaluate the environmental quality of goods. I show that investments in environmental quality, consumer surplus, producer surplus, and...

Voluntary sustainability standards (VSS) have gained prominence in the agri-food sector as marketbased tools to address environmental and social concerns in global supply chains. While third-party certifications like Rainforest Alliance and Fairtrade have been extensively studied, company-led...

The growing popularity of ESG investing raises questions about whether ESG and carbon factors represent unique sources of systematic risk or are absorbed by traditional equity factors. We find that the systematic components of recently proposed carbon and ESG risk factors are linear combinations...