Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 16th June 2026, 05:53:52pm WEST
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Green Preferences and Sorting
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When Green Investors Are Green Consumers 1Boston University; 2CREST, ENSAE, Institut Polytechnique de Paris We introduce investors with preferences for green assets into a general-equilibrium setting where they also prefer consuming green. Relative-supply changes makes green assets riskier: they perform poorly when green goods are scarce, raising their expected returns. By contrast, demand shocks capturing boycott-buycott campaigns mitigate this effect and reinforce the green premium stemming from sustainable investing. Empirically, factors double-sorted on environmental scores and supply/demand shocks yield sizable abnormal returns: positive for supply (0.4% to 0.5% monthly) and negative for demand (-0.4% to -0.8%), supporting theoretical predictions. These findings highlight the role of green consumption in shaping polluting firms' cost of capital. Beyond Demographics: How Environmental Attitudes and Nature Contact Shape Urban Tree and Built-Up Preferences University of Reims Champagne Ardenne, France As cities expand, the design of urban landscapes increasingly shapes both environmental quality and residents’ well-being. Yet, people’s preferences for green spaces and urban features are far from uniform. In this study, we integrate attitudinal and experiential measures into a hybrid choice model to uncover how pro-environmental attitudes and nature contact habits drive preferences for trees and built-up areas. Our results reveal striking patterns: latent pro-environmental orientations strongly enhance the appeal of natural features while reducing the desirability of urbanized areas, whereas socio-demographic characteristics explain surprisingly little. These findings suggest that effective urban planning and greening policies should move beyond demographic targeting, instead leveraging psychological and experiential insights to foster support for sustainable and livable cities. By combining behavioral and econometric approaches, this work provides a novel framework to guide the design of urban landscapes that resonate with heterogeneous citizen preferences. Certification Across Borders: Credibility, Sorting, and Market Outcomes 1Western University, Canada; 2Toronto Metropolitan University, Canada This paper examines how global certification influences beliefs, prices, and welfare in markets with quality uncertainty. Certification regimes differ in strictness and therefore in the informativeness of the signals they provide to consumers. Firms sort into certification and exporting according to intrinsic quality, and these sorting patterns determine how informative each label is in equilibrium. In a symmetric benchmark, identical market environments generate common beliefs, prices, and welfare across countries. When markets differ in size, recognition of labels, or outside options, export selection alters the composition of certified products observed in each destination. As a result, identical certification technologies give rise to market-specific beliefs, price dispersion, and welfare differences. The analysis highlights how certification credibility emerges endogenously in integrated economies. | ||