Honor and Stigma in Mechanisms for Environmental Protection

Prasenjit Banerjee () and Rupayan Pal ()

Working Papers from eSocialSciences

Abstract: Honor and stigma play a role in environmental protection. Environmental honors are bestowed on people and firms who go out of their way to do right by the environment. Similarly, environmental stigma is put on people or firms who are publicly taken to task for their poor environmental record. A voluntary mechanism is designed by incorporating honor and stigma to induce heterogeneous firms to protect the environment at less cost.

Keywords: Mechanism; reputation; environmental risk; honor; stigma; social norm; stigma; environment cost; honor; voluntary mechanism; firms; publicly; motivational costs; rents; Paris agreement; climate change; going green (search for similar items in EconPapers)
Date: 2016-06
Note: Institutional Papers
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