Wang, Hua; Bi, Jun; Wheeler, David; Wang, Jinnan; Cao, Dong - Economics Research, World Bank Group - 2002
This paper describes a new incentive-based pollution control program in China in which the environmental performance of firms is rated and reported to the public. Firms are rated from best to worst using five colors-green, blue, yellow, red, and black-and the ratings are disseminated to the...