The study examines and compares the outcomes of two alternate methods for controlling nonaerosol emissions of chlorofluorocarbons (CFCs). Conventional regulatory methods such as technology standards are compared with innovative methods of regulation such as use taxes or production quotas distributed through the use of marketable permits. The economic costs of each system are calculated and compared, along with a discussion of the policy issues which must be addressed when choosing one form of regulation over another.

Chlorofluorocarbons are known to be effective spray can propellants, solvents and refrigerators and were often used in deodorants, refrigerators and other goods. However, it was not known at the beginning of their use, the complex reaction that CFCs have on the earth’s climate. Originally published in 1982, this report explores early research into the effect that CFCs have on the environment and provides guidance on how this emerging issue should be dealt with. This title will be of interest to students of Environmental Studies.

This title was first published in 2003. Economists have had increasing success in arguing the merits of market-based approaches to environmental problems. By making polluting expensive, market-based approaches provide polluters with incentives to clean up, rather than mandates to stop polluting. These approaches include pollution taxes, transferable emissions permits and subsidies for pollution abatement. The purpose of this volume is to explore the situations where Command and Control (CAC) may not be all bad, and in fact might even have some advantages over market-based instruments (MBI).

'The Economics of Environmental Regulation is an excellent book . . . provides the reader with copies of some of the most important papers in the field. Wallace Oates writes well and there is great scope to his interests (his flexibility as an economist is witnessed by the fact that an earlier volume in the Great Economists series collects his pioneering contributions in the field of local government finance). Everything he writes is underpinned by firm theoretical rigour.' - Anthony Heyes, The Journal of Energy Literature Environmental regulation and policy making are increasingly influenced by economic considerations. Over the past 30 years, Wallace E. Oates has been closely involved in the development of environmental economics as a distinct and vital field for theoretical study, applied research and policy prescription. Drawing key papers together in a systematic fashion, Professor Oates's collection begins with thoughtful overviews of the field and then continues with discussion of specific issues. Among the topics addressed are instruments for environmental regulation, the use of fees and taxes, emission permits, environmental federalism and global environmental management.