caa a22 4500 445855037 CHVBK 20180317145425.0 cr unu---uuuuu 170323e20110401xx s 000 0 eng 10.1007/s10640-010-9402-5 doi (NATIONALLICENCE)springer-10.1007/s10640-010-9402-5 Mason Charles Department of Economics & Finance, University of Wyoming, 1000 E. University Ave., 82071, Laramie, WY, USA aut Eco-Labeling and Market Equilibria with Noisy Certification Tests [Elektronische Daten] [Charles Mason] An intriguing alternative to traditional methods for regulating externalities is the provision of information about firms' environmental attributes. An increasingly important example of this approach is "eco-labeling,” where a third party certifies firms' products. Such schemes are currently used in a variety of countries. This paper investigates the equilibria that may occur with eco-labeling, and the attendant welfare effects. I model certification as a noisy test, subject to both type I and type II errors, but where green firms more likely to pass than brown firms. While it commonly leads to an increase in the fraction of green units in the market, the introduction of an eco-label can either increase or decrease welfare. Springer Science+Business Media B.V., 2010 Asymmetric information nationallicence Eco-labeling nationallicence Environmental economics nationallicence Signaling nationallicence Testing nationallicence Environmental and Resource Economics Springer Netherlands 48/4(2011-04-01), 537-560 0924-6460 48:4<537 2011 48 10640 https://doi.org/10.1007/s10640-010-9402-5 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10640-010-9402-5 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Mason Charles Department of Economics & Finance, University of Wyoming, 1000 E. University Ave., 82071, Laramie, WY, USA aut NATIONALLICENCE 773 0- Environmental and Resource Economics Springer Netherlands 48/4(2011-04-01), 537-560 0924-6460 48:4<537 2011 48 10640 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer