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Regulatory strategies for pollution control

, : Regulatory strategies for pollution control. Economics of the environment: selected readings: 205-224

The main trouble with centralized command and control strategies is that different dischargers are required to conform to the same emissions standards regardless of their individual costs of reducing emissions. In practice, different dischargers of the same waste materials often have widely varying abatement costs. The total cost could usually be reduced greatly if emissions were cut where that could be done most economically.

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