ABSTRACT
This title was first published in 2003. Economists have had increasing success in arguing the merits of market-based approaches to environmental problems. By making polluting expensive, market-based approaches provide polluters with incentives to clean up, rather than mandates to stop polluting. These approaches include pollution taxes, transferable emissions permits and subsidies for pollution abatement. The purpose of this volume is to explore the situations where Command and Control (CAC) may not be all bad, and in fact might even have some advantages over market-based instruments (MBI).
TABLE OF CONTENTS
part 1|48 pages
What is CAC?
part 2|63 pages
Sensibly Designed CAC
part 3|158 pages
Monitoring Costs
part 4|42 pages
Non-Uniform Conditions
part 5|32 pages
Uncertainty
part 6|49 pages
Imperfect Competition and Information
part 7|98 pages
Non-Economic Factors: Political Economy and Philosophy