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).
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