Regulation, reputation, and environmental risk
AbstractThis paper examines how preferences for social reputation affect the design of monetary incentives in an efficient mechanism for environmental risk. Our results are a high reputation firm receives less than optimal transfer; the low reputation firm sacrifices information rent.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 106 (2010)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/ecolet
Mechanism Reputation Environmental risk Information rent;
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