The two distinct approaches to environmental policy include direct regulation-sometimes called 'command and control' policies-and regulation by economic, or market-based incentives. This book is the first to compare the costs and outcomes of these approaches by examining realworld applications. In a unique format, paired case studies from the United States and Europe contrast direct regulation on one side of the Atlantic with an incentivebased policy on the other. For example, Germany s direct regulation of SO2 emissions is compared with an incentive approach in the U.S. Direct regulation of...
The two distinct approaches to environmental policy include direct regulation-sometimes called 'command and control' policies-and regulation by econom...
