Basu, Arnab K.; Chau, Nancy H.; Grote, Ulrike - In: Review of Development Economics 7 (2003) 2, pp. 228-247
The paper examines the effectiveness of eco-labeling in providing a market-based solution to the under-consumption of eco-friendly products in developing and developed countries. The authors show that whether labeling is an effective device in solving the problem of asymmetric information...