Nikishna Myron
10/17/05
ECON 462
Notes 5.1
Pacific Biodiversity Assessments – Conservation Geography
Ben’s Reading for REM 515
Control and Command
Incentive based controls
E.g. Europe will be implementing regulations of 30-45 thousand products
Assume the worst
oUntil non-negative outcomes are proven
Under the Clean Water Act
If a river doesn’t meet standards
oTNDL Procedure
oPropose Mitigation measures
oWilson Creek
Fecal Chloroform
Standards for Non-Point Source pollution
Point Source Incentive-Based Control
Taxes
oSubsides
Negative Taxes
oHard to Implement
Harder to Enforce
oMarginally Profitable Businesses will go out of business
Creates Monopolies or Cartels
oCost Minimizing in gross
Yet not in terms of impacts to the people
Tradable Emission Permits (Marketable Permits)
oCharge for use and capacity
[Graph] Supply Curve for Abatement
[Graph] Unit Tax Abatement Chart
