Non-governmental organizations (NGOs) are exerting growing pressure on firms to eliminate product components (such as palm oil) that are harmful to the environment (such as rainforests) or replace such components with NGO-certified sustainable components. Under which conditions does NGO pressure...

A number of self-beneficial motives can trigger pro-environmental and prosocial behavior of individuals. We focus on the role of the warm glow of giving-the personal benefit people experience when doing good irrespective of the consequences-in the valuation of ethically certified food products....

Voluntary standards have become a promising mode of governance to promote sustainable production and consumption in global value chains. Despite a growing number of studies on consumers' preferences for sustainable products, insufficient attention has been paid to the heterogeneity of existing...

This study investigates spatial autocorrelation in consumer preferences for diverse ecolabels, such as certified ecolabel (type I) and non-certified ecolabel (type II). Ecolabels encourage consumers to purchase environmentally friendly products by informing them of production methods, but their...

Thailand has adopted a labeling policy on genetically modified (GM) food items since 2003 that if their ingredients are derived from soybean and corn, a mandatory label is required when their GM content reaches a 5% threshold level. However, critics disagree and demand a mandatory lower...

In many western countries, rising public concern for the welfare of agricultural animals is reflected in the adoption of direct regulatory standards. The United States has taken a different path, preferring a "market regulation" approach whereby consumers express their preference for...

Agencies around the world are in the process of developing taxonomies and standards for sustainable (or ESG) investment products. A key assumption in our model is that of non-consequentialist private investors (households) who derive a "warm glow" decisional utility when purchasing an investment...

In 2012 the European Union adopted the Regulation No. 1151/2012, which, among others, defines the legal framework to protect the originality and authenticity of mountain foods through the "Mountain Product" quality scheme. The research aims to analyze people's attitudes towards mountain foods...

Environmental problem has become a popular research area. Efforts are being made at an international level for creating a sustainable environment. Hospitality industry is considered to be one of the main industries of a country. It makes contributions in the development of sustainable...

We use the entropy balancing method to study the impact of sustainability labels on mutual fund flows and returns. We compare the informativeness of a well established industry proxy of ESG risk (the Morningstar sustainability rating) with the ESG disclosure requirements introduced by the...

Several labels for sustainable investment funds have emerged in Europe, providing important cues for investor decision making. Using a dataset of labeled equity and fixed-income funds, this paper examines the coherence of the signals sent by sustainable labels and certifications sponsored by...

Sustainability has become one of the constant concerns of active participants in the food chain: producers, traders, consumers, and regulators. The paper aims to identify consumers' perceptions of the use of sustainable food packaging, in an exploratory survey of a sample of 280 respondents,...

The study of eco-labeled product purchasing behavior usually starts from a multidisciplinary set of fundamental theories and models depending on the approach towards the ecological behavior of the consumer. The proposed conceptual model is based on quantitative research on the intention of...

The relevance of sustainable tourism is unquestionable. Tourism and hospitality firms worldwide are moving toward more sustainable product offerings. However, not all firms communicate their achievements and commitments in this area. This study assesses the sustainable digital communication of...

The wine industry has faced various environmental and social challenges. On the demand side, consumer demand for sustainable wines has been increasing but, to date, it is unknown whether consumers perceive wine companies' efforts to obtain sustainable development (SD) certifications and labels...

In the absence of first-best climate policy, energy efficiency has figured prominently among strategies to reduce carbon emissions. One of the most sought-after green certification in the building sector is the internationally recognized Leadership in Energy & Environmental Design (LEED). This...

The effectiveness of eco-labels has dominated research on ecological food signaling. Building on signaling theory, we investigate the impact of sustainability tags (i.e., unverified sustainability claims) compared to eco-labels (i.e., actual awarded eco-certificates) on consumers’ choices and...

One category of voluntary approaches to environmental governance is ecolabels used to nudge consumers towards purchasing environmentally friendly products. The purpose of this article is to critically review the trade law implications of voluntary ecolabels, with special reference to the EU...

A concise analysis of global experience in the field of environmental labelling of road vehicles with an emphasis on differentiating access to low-emission zones is given. The main principles of the introduction and application of a unified system of environmental labelling of road vehicles are...

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...

In the absence of first-best climate policy, energy efficiency has figured prominently among strategies to reduce carbon emissions. One of the most sought-after green certification in the building sector is the internationally recognized Leadership in Energy & Environmental Design (LEED). This...

This article aims to clarify three long-standing puzzles concerning the place of private standards in the World Trade Organization (WTO) through the lens of FSC labelling. The first question is whether the FSC label falls within the regulatory scope of the Agreement on Technical Barriers to...

This chapter addresses the nature of discretion in public procurement as it relates to the emergence of eco-labels and life-cycle costing (LCC), and the role of these mechanisms in furthering environmental interests through public procurement programs in the European Union (EU) and United States...

This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...

Purpose: This research investigated the influence of sensation transference from product labels to customer willingness to pay for the product. We proposed a model of influence with label attractiveness and perceptions of product quality as mediators, and customer anticipation of consumption...