Pollution control with variable production processes |
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Authors: | Paul Burrows |
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Institution: | University of York, Heslington, York YO1 5DD, England |
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Abstract: | This paper compares the input and output effects of pricing and regulation instruments for pollution control. It is shown that a pricing policy could have adverse output effects which should be weighed in the balance against its abatement-cost-minimisation advantage over regulation. It is also demonstrated that pricing need not lead polluters to select known processes which are less polluting than those chosen under regulation. |
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