The Market Approach is a Third Wave idea and quite different from the Second Wave approach of relying on regulation we have used for decades in the US. In 1 - 2 pages (~3 - 5 paragraphs) tell me;

a) How a credit or, alternatively, capture market might work (e.g. CO2, nutrient, pollution)

b) Why you think a market approach may or may not work (i.e., Under what conditions would society support this approach?)

c) Choose an industry or sector that interests you and describe (1) positive and (1) negative effects of adding the market approach to our already existing regulations & laws approach. Possible industries or industrial sectors might include tourism & recreation, either livestock or row crop Ag, a type of manufacturing (cars, electronics, clothing), or any of the others we have mentioned.