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We analyze the corporate green bond market under a rational framework without an innate green preference, using a simple adverse selection model. Firms can use green bonds to signal their green credentials to investors. Transition risk stems from uncertainty over the introduction of carbon...
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whether to engage in costly punishment of a free rider in a survey-based experiment with 1423 students from seven study areas …
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Punishment institutions for curtailing free-riding in social dilemmas rely on information about individuals’ behavior … cooperation and efficiency in a social dilemma change in response to varying how monitoring and punishment are jointly organized …. decentralized) and three punishment regimes (self- vs. peer- vs. del-egated punishment) in a repeated public goods game. As …
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