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Information Disclosure Under Di§erent Modes of Regulation

Author

Listed:
  • Antoniou, Fabio
  • Koundouri, Phoebe
  • Tsakiris, Nikos

Abstract

In this study we assume that the governments are uncertain about the future product demand in a standard eco-dumping model. Allowing the governments to obtain information from firms, we examine governments.and .rms.incentives to share information. We show that, when the governments regulate the polluting .rms through emission standards, then, the governments and the .rms will reach an agreement concerning information sharing. The opposite holds, when the governments regulate pollution through emission taxes.

Suggested Citation

  • Antoniou, Fabio & Koundouri, Phoebe & Tsakiris, Nikos, 2010. "Information Disclosure Under Di§erent Modes of Regulation," MPRA Paper 122421, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:122421
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    File URL: https://mpra.ub.uni-muenchen.de/122421/1/MPRA_paper_122421.pdf
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    Keywords

    Strategic Environmental Policy; Pollution; Emission Standards; Emission Taxes; Information Sharing;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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