Purpose: This paper aims to investigate the role of certification in providing information and reducing market inefficiencies when the “certification process is imperfect”. In the setting, eco-labels imperfectly signal environmental product quality to consumers where the error in the...

India's contribution to global CO2 emissions makes it a priority case for policy makers worldwide. The Indian government is considering the adoption of energy labels for new passenger cars to tackle CO2 emissions. This paper's first aim is to asses New Delhi's car buyers' preferences for cars...

The Indian government is considering the adoption of fuel efficiency labels for cars. By means of a Discrete Choice Experiment (DCE), this paper assesses New Delhi's car buyers' preferences for such a label. Random parameters specifications yield a willingness to pay (WTP) of 4.93 thousand US...