Voluntary environmental programs: A comparative perspective

Aseem Prakash · Matthew Potoski

213 citations0/0 files storedJournal of Policy Analysis and Management

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Regulation and Compliance Studies Corporate Social Responsibility Reporting Environmental Sustainability in Business

Abstract

Abstract Voluntary environmental programs (VEPs) are institutions for inducing firms to produce environmental goods beyond legal requirements. A comparative perspective on VEPs shows how incentives to sponsor and participate in VEPs vary across countries in ways that reveal their potential and limitations. Our brief survey examines conditions under which VEPs emerge, attract participants, and improve participants' environmental performance. We focus on the costs and bene‐fits for actors seeking to supply (or sponsor) these governance mechanisms as well as the costs and benefits for firms who are considering joining VEPs and adhering to their program obligations. © 2011 by the Association for Public Policy Analysis and Management.

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References

1970The Market for "Lemons": Quality Uncertainty and the Market Mechanism 1990Governing the Commons 1960The Problem of Social Cost 1973Job Market Signaling 1995Toward a New Conception of the Environment-Competitiveness Relationship 1998Is Free Trade Good for the Environment?1965An Economic Theory of Clubs 1996The Theory of Externalities, Public Goods, and Club Goods

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