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Governments around the world are beginning to embrace a new form of environmental regulation -mandatory disclosure of information. While information disclosure programs appear to have an impact on subsequent firm behavior -often resulting in lower levels of pollution -little is known about the costs and benefits of these programs and whether or not they enhance social welfare. This paper presents a simple bargaining model where mandatory information disclosure is used to overcome a lack ofdoi:10.2139/ssrn.922487 fatcat:kjxvglquznhnplwvsnutuzjjv4