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The Net Benefits of the Acid Rain Program: What Can We Learn from the Grand Policy Experiment?
Acid Rain Program Grand Policy Experiment
2015/9/18
This study quantifies the cost savings from the Acid Rain Program (ARP) compared with a
command-and-control alternative and also examines the impact of trading under the ARP on health
damages. To qu...
THE FTC AND VOLUNTARY STANDARDS：MAXIMIZING THE NET BENEFITS OF SELF-REGULATION
FTC VOLUNTARY STANDARDS NET BENEFITS SELF-REGULATION
2008/12/8
The vast majority of commercial transactions work well, without
need for interference of any kind. In some cases, however, the market
“fails,” and regulation of some kind is warranted. But this need...