The effectiveness of regulatory disclosure policies

Weil, David; Fung, Archon; Graham, Mary; Fagotto, Elena

doi:10.1002/pam.20160

Cited by 210 publications

(180 citation statements)

References 77 publications

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“…As Weil et al (2006) have shown in the context of information policies, whether and how information is used depends on its incorporation into complex chains of comprehension, action, and response. For example, the presence of competing eco-labels might lead to consumer confusion (Leire & Thidell, 2005).…”

Section: The Pitfalls Of Eco-labelingmentioning

confidence: 99%

Eco-Labeling Strategies and Price-Premium

2010

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Although there is increasing use of eco-labeling, conditions under which eco-labels can command price premiums are not fully understood. In this article, we demonstrate that the certification of environmental practices by a third party should be analyzed as a strategy distinct from-although related to-the disclosure of the eco-certification through a label posted on the product. By assessing eco-labeling and eco-certification strategies separately, researchers can identify benefits associated with the certification process, such as improved reputation in the industry or increased product quality, independently from those associated with the actual label. In the context of the wine industry, we show that eco-certification leads to a price premium while the use of the eco-label does not.

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Section: The Pitfalls Of Eco-labelingmentioning

confidence: 99%

Eco-Labeling Strategies and Price-Premium

2010

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“…As a result, policymakers frequently pair choice mechanisms with transparency systems-such as public school report cards, nutritional labeling, toxic pollution reporting, auto safety and fuel economy ratings, and corporate financial reporting (Weil et al 2006)-all intended to make comparative information readily available.…”

Section: Introductionmentioning

confidence: 99%

Comparison Friction: Experimental Evidence from Medicare Drug Plans

Kling¹,

Mullainathan²,

Shafir³

et al. 2011

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Consumers need information to compare alternatives for markets to function efficiently. Recognizing this, public policies often pair competition with easy access to comparative information. The implicit assumption is that comparison friction-the wedge between the availability of comparative information and consumers' use of it-is inconsequential because information is readily available and consumers will access this information and make effective choices. We examine the extent of comparison friction in the market for Medicare Part D prescription drug plans in the United States. In a randomized field experiment, an intervention group received a letter with personalized cost information. That information was readily available for free and widely advertised. However, this additional step-providing the information rather than having consumers actively access it-had an impact. Plan switching was 28 percent in the intervention group, versus 17 percent in the comparison group, and the intervention caused an average decline in predicted consumer cost of about $100 per year among letter recipients-roughly 5 percent of the cost in the comparison group. Our results suggest that comparison friction can be large even when the cost of acquiring information is small, and may be relevant for a wide range of public policies that incorporate consumer choice.

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“…This imperative of accountability encourages transparency in the decisional and administrative processes since citizens are no longer satisfied simply with the results, but are increasingly interested in the process. Literature on democracy (Chambers 2004) and risk policies (Weil et al 2006) has devoted efforts to develop a link between transparency and efficacy.…”

Section: Introductionmentioning

confidence: 99%

Risk, democracy and schizophrenia: the changing roles of citizens in risk policy-making putting GMO policy to the test

Schiffino¹,

Jacob

2011

Journal of Risk Research

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For more than two decades, participatory mechanisms have often been invoked as quasi-policy instruments to counterbalance a deficit of legitimacy surrounding political representation. Scientific literature has widely investigated this process. Empirical studies have documented it. However, a blind spot remains. How does this process influence the role of citizens when they are called to sanction political decisions concerning risks, decisions to which they have been at least partly associated? This paper innovatively combines theories of democracy and sequential policy analysis to investigate the articulation of participation and representation when risk issues are regulated. This paper's theoretical reflection is documented through the example of GMO policy in Europe and, more specifically, in Belgium. This article may be used for research, teaching and private study purposes. Any substantial or systematic reproduction, re-distribution, re-selling, loan, sub-licensing, systematic supply or distribution in any form to anyone is expressly forbidden.The publisher does not give any warranty express or implied or make any representation that the contents will be complete or accurate or up to date. The accuracy of any instructions, formulae and drug doses should be independently verified with primary sources. The publisher shall not be liable for any loss, actions, claims, proceedings, demand or costs or damages whatsoever or howsoever caused arising directly or indirectly in connection with or arising out of the use of this material.Risk, democracy and schizophrenia: the changing roles of citizens in risk policy-making putting GMO policy to the test For more than two decades, participatory mechanisms have often been invoked as quasi-policy instruments to counterbalance a deficit of legitimacy surrounding political representation. Scientific literature has widely investigated this process. Empirical studies have documented it. However, a blind spot remains. How does this process influence the role of citizens when they are called to sanction political decisions concerning risks, decisions to which they have been at least partly associated? This paper innovatively combines theories of democracy and sequential policy analysis to investigate the articulation of participation and representation when risk issues are regulated. This paper's theoretical reflection is documented through the example of GMO policy in Europe and, more specifically, in Belgium.Keywords: risk; democracy; policy IntroductionThis article investigates the link between democracy, risk and public policy. Each concept owns a niche in the scientific literature. There is also a crossover between theories of democracy and policy analysis. Policy analysis often considers democracy to be a fundamental frame for public decisions. Weale (2007, 18-23) defines democracy as a regime where public policies depend upon the opinion of its citizens. Muller and Surel (1998, 33-41) show that such a relationship between citizens and decision-makers can be shap...

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The effectiveness of regulatory disclosure policies

Cited by 210 publications

References 77 publications

Eco-Labeling Strategies and Price-Premium

Eco-Labeling Strategies and Price-Premium

Comparison Friction: Experimental Evidence from Medicare Drug Plans

Risk, democracy and schizophrenia: the changing roles of citizens in risk policy-making putting GMO policy to the test

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