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Eco-labels are part of a new wave of environmental policy that emphasizes information disclosure as a tool to induce environmentally friendly behavior by both firms and consumers. Little consensus exists as to whether eco-certified products are actually better than their conventional...
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In theory, eco-labels have great potential to reduce the environmental and social impact of products via consumer choice. In practice, the diffusion of eco-labels remains limited, with consumers expressing concerns about their value. One problem is a perceived tradeoff between the eco-label...
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While there is increasing use of eco-labeling, conditions under which eco-labels can command price premiums are not fully understood. In this paper, we demonstrate that the certification of environmental practices by a third party should be analyzed as a strategy distinct from – although...
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Eco-labels emphasize information disclosure as a tool to induce environmentally friendly behaviors by both firms and consumers. The goal of eco-labels is to reduce information asymmetry between producers and consumers over the environmental attributes of a product or service. However, by...
Persistent link: https://www.econbiz.de/10014037185