When a threshold concentration is used as the basis for pollution control, as it is for air
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When a threshold concentration is used as the basis for pollution control, as it is for air pollution, one possibility for meeting the threshold at minimum cost is to spread the emissions out over time. To achieve this, one might establish a peak-hour pricing system that charges more for emissions during peak periods.
a. Would this represent a movement toward efficiency? Why or why not?
b. What effects should this policy have on mass-transit usage, gasoline sales, downtown shopping, and travel patterns?
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Related Book For
Environmental And Natural Resource Economics
ISBN: 978-1138632295
11th Edition
Authors: Tom Tietenberg ,Lynne Lewis
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