Abstract

http://ssrn.com/abstract=922487
 
 

References (18)



 
 

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Information Disclosure as Environmental Regulation: A Theoretical Analysis


Mark A. Cohen


Vanderbilt University - Owen Graduate School of Management; Vanderbilt University - Law School; Resources for the Future

V. Santhakumar


Centre for Development Studies (CDS) India

August 2006


Abstract:     
Governments around the world are beginning to embrace a new form of environmental regulation - mandatory disclosure of information. While information disclosure programs appear to have an impact on subsequent firm behavior - often resulting in lower levels of pollution - little is known about the costs and benefits of these programs and whether or not they enhance social welfare. This paper presents a simple bargaining model where mandatory information disclosure is used to overcome a lack of information on the part of the public. We characterize the conditions under which information disclosure will lead to a reduction in emissions, and ultimately, the conditions under which it will enhance social welfare. Several extensions of the model are briefly explored, including the effect of two sources of pollution - only one of which is subject to information disclosure.

Number of Pages in PDF File: 34

Keywords: environmental regulation, information disclosure

JEL Classification: D62, H41, Q58

working papers series





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Date posted: August 7, 2006  

Suggested Citation

Cohen, Mark A. and Santhakumar, V., Information Disclosure as Environmental Regulation: A Theoretical Analysis (August 2006). Available at SSRN: http://ssrn.com/abstract=922487 or http://dx.doi.org/10.2139/ssrn.922487

Contact Information

Mark A. Cohen (Contact Author)
Vanderbilt University - Owen Graduate School of Management ( email )
401 21st Avenue South
Nashville, TN 37203
United States
615-322-0533 (Phone)
HOME PAGE: http://www.mba.vanderbilt.edu/faculty/mcohen.cfm
Vanderbilt University - Law School
131 21st Avenue South
Nashville, TN 37203-1181
United States
Resources for the Future ( email )
1616 P Street, NW
Washington, DC 20036
United States
202-328-5000 (Phone)
V. Santhakumar
Centre for Development Studies (CDS) India ( email )
Trivandrum 695 011, Kerala
India
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