The purpose of this paper is to determine what types of information may be important in determining the welfare benefits of preventing toxic water contamination when a given type of toxification occurs (or is likely to occur) in a given setting. It attempts to identify information and behavior...

This paper identifies information that may be important in determining the benefits ofpreventing toxic water contamination (or equivalently cost of nonaction) when a given toxificationoccurs. It attempts to identify information and behavior issues that need to be considered when weestimate...

Little theoretical work has been done previously on the welfare valuation of changes in price and quality when consumers are imperfectly informed. The presence of imperfect information is particularly important in the analysis of averting behaviors. We develop a theoretical welfare measure,...

This manuscript analyzes the effect of binary ecolabeling on the strategic competition of Cournot duopolists in environmental technology and the output market. Under binary labeling, firms' abatement technologies are not directly observable by consumers but are certified if they satisfy preset...