Download pdf
A Review of Research Progress on the Impact of Information Asymmetry on Green Consumption
- 1 Shandong University of Finance and Economics, Jinan in Shandong Province,250000,China
* Author to whom correspondence should be addressed.
Abstract
This paper discusses the impact of information asymmetry on green consumption and sustainable consumption. It emphasizes the importance of information in promoting green consumer behavior and highlights the role of media publicity and evaluation systems in shaping consumer perception and decision-making. The paper also explores the influence of government policies and subsidies on green consumption, noting that government intervention can benefit the entire green product industry chain. The authors suggest that in order to reduce the impact of information asymmetry, comprehensive and high-quality information should be provided to consumers, and consumers should be educated on information filtering and processing. The paper concludes by emphasizing the need for further research on the quantitative assessment of green information dissemination, the influence of green information on consumer psychology and behavior, and the role of government information in promoting green consumption. It calls for a multi-party linkage mechanism to drive the sustainable development of green consumption.
Keywords
information asymmetry, green consumption, consumer behavior, consumer cognition, consumer cognition
[1]. Bartschat, M., Cziehso, G. and Hennig-Thurau, T. (2022) ‘Searching for word of mouth in the digital age: Determinants of consumers’ uses of face-to-face information, internet opinion sites, and Social Media’, Journal of Business Research, 141, pp. 393–409. doi:10.1016/j.jbusres.2021.11.035.
[2]. Luo, G.-L., Zheng, H. and Guo, Y.-L. (2023) ‘Impact of consumer information capability on green consumption intention: The role of Green Trust and media publicity’, Frontiers in Psychology, 14. doi:10.3389/fpsyg.2023.1247479.
[3]. Guan, X. and Chen, Y. (2017) ‘The interplay between information acquisition and quality disclosure’, Production and Operations Management, 26(3), pp. 389–408. doi:10.1111/poms.12651.
[4]. Sterling, B. et al. (2015) ‘Assessing the value and role of seafood traceability from an entire value‐chain perspective’, Comprehensive Reviews in Food Science and Food Safety, 14(3), pp. 205–268. doi:10.1111/1541-4337.12130.
[5]. White, K., Habib, R. and Hardisty, D.J. (2019) ‘How to shift consumer behaviors to be more sustainable: A literature review and guiding framework’, Journal of Marketing, 83(3), pp. 22–49. doi:10.1177/0022242919825649.
[6]. Darby, M.R. and Karni, E. (1973) ‘Free competition and the optimal amount of fraud’, The Journal of Law and Economics, 16(1), pp. 67–88. doi:10.1086/466756.
[7]. Liu, Z. et al. (2023) ‘How search and evaluation cues influence consumers’ continuous watching and purchase intentions: An investigation of live-stream shopping from an information foraging perspective’, Journal of Business Research, 168, p. 114233. doi:10.1016/j.jbusres.2023.114233.
[8]. Stuppy, A., Mead, N.L. and Van Osselaer, S.M. (2019) ‘I am, therefore I buy: Low self-esteem and the pursuit of self-verifying consumption’, Journal of Consumer Research, 46(5), pp. 956–973. doi:10.1093/jcr/ucz029.
[9]. Fan, L., Wang, Y. and Mou, J. (2024) ‘Enjoy to read and enjoy to shop: An investigation on the impact of product information presentation on purchase intention in digital content marketing’, Journal of Retailing and Consumer Services, 76, p. 103594. doi:10.1016/j.jretconser.2023.103594.
[10]. Yang, R., Tang, W. and Zhang, J. (2021) ‘Technology improvement strategy for green products under competition: The role of government subsidy’, European Journal of Operational Research, 289(2), pp. 553–568. doi:10.1016/j.ejor.2020.07.030.
[11]. Hua, J. et al. (2022) ‘Government interventions in new technology adoption to improve product greenness’, SSRN Electronic Journal [Preprint]. doi:10.2139/ssrn.4160350.
Cite this article
Cai,X. (2024). A Review of Research Progress on the Impact of Information Asymmetry on Green Consumption. Advances in Economics, Management and Political Sciences,116,43-47.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
Disclaimer/Publisher's Note
The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.
About volume
Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development
© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and
conditions of the Creative Commons Attribution (CC BY) license. Authors who
publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons
Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this
series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published
version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial
publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and
during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See
Open access policy for details).