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On Explaining the Development of ‘Emissions Trading’ in U.S. Air Pollution Regulation
Author(s) -
MEIDINGER ERROL
Publication year - 1985
Publication title -
law and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.534
H-Index - 45
eISSN - 1467-9930
pISSN - 0265-8240
DOI - 10.1111/j.1467-9930.1985.tb00362.x
Subject(s) - air pollution , environmental regulation , emissions trading , proposition , clean air act , command and control , mechanism (biology) , pollution , control (management) , process (computing) , business , public economics , economics , natural resource economics , climate change , ecology , engineering , telecommunications , management , computer science , philosophy , epistemology , biology , operating system
Over the past decade the legal‐administrative framework of United States air pollution regulation has changed from one based almost entirely on “command control” mechanisms to one allowing considerable use of “transferrable pollution permits.” This article traces the process of that change, suggests why it may be a very significant one, and proposes a social explanation for it. Perhaps its most important explanatory proposition is that market mechanism regulation may reflect the formation and rise of a new “regulatory culture” likely to affect the form and substance of regulation more generally.