This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing … quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address … government mandate disclosure? and (iii) Do certifiers necessarily report unbiased and accurate information? We further review …

gas emissions disclosure in all public firms. Consistent with our theory, we find that firms in the UK receive lower CSR … their responsible workers, and in turn engage in CSR through self-regulation, provided that regulatory oversight is poor … enough - and hence regulation is loose enough - to make self-regulation worthwhile. The key prediction of the model is a …

We analyze how information disclosure policy affects investment efficiency in non-cooperative settings with information … actions, as well as full disclosure, in which players also perfectly observe rival returns. With less disclosure (higher … disclosure thresholds), there is less free riding, but additional losses from incomplete information aggregation. We characterize …

--China's new national carbon market. At the same time, theory and experience with traditional cap-and-trade programs suggests an …

Quantity-based regulation with banking allows regulated firms to shift obligations across time in response to periods …