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A signaling model of environmental overcompliance


Denicolò, Vincenzo


Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-264055

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Abstract We present a theory of unilateral regulatory overcompliance as a signaling device. Firms that have a competitive advantage in the use of a cleaner but more costly technology overcomply in order to signal to an imperfectly informed, benevolent government that compliance costs are low, thereby triggering tougher regulation. We identify the conditions under which such an overcompliance signaling equilibrium arises, showing that there may be over-overcompliance in that firms may overcomply even when tougher regulation is not socially desirable. We also discuss the differential implications of the signaling theory as compared to other theories of unilateral regulatory overcompliance.
Klassifikation Volkswirtschaftslehre; Wirtschaftspolitik
Freie Schlagwörter Voluntary actions; Overcompliance; Signaling; Regulation; Raising rivals' costs; D43; D82; L51
Sprache Dokument Englisch
Publikationsjahr 2008
Seitenangabe S. 293-303
Zeitschriftentitel Journal of Economic Behavior & Organization, 68 (2008) 1
DOI http://dx.doi.org/10.1016/j.jebo.2008.04.009
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)