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974
18 MAY 2007
VOL 316
SCIENCE
Published by AAAS
www.sciencemag.org
On regulatory burdens
I would say that there are better ways to do
regulations. We can regulate smarter, get the
benefits that we all desire, with fewer costs.
I did my masters thesis on economic
incentives for pollution control. Back then, it
was a novel idea. In the 1970s and early 80s,
command and control [legal limits on pollution, enforced by fines or criminal penalties,
as opposed to economic measures such as
taxes or tradable pollution permits] was the
standard approach to addressing environmental problems. Now, its How can we harness
market incentives? People realize that if you
provide incentives, you can reach the outcome
you intended. Command and control doesnt
always reach that outcome. If you force people
to do something, but they dont really want to,
theyll find ways to meet the letter of the law,
but you might have some unintended effects.
NEWSFOCUS
lation is slowly growing, he says. But
until theres better evidence, theres certainly no reason to remove pandas from the
endangered list.
www.sciencemag.org
SCIENCE
VOL 316
Published by AAAS
18 MAY 2007
975
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