Market-based policies for pollution control in Latin America
SE West, A Wolverton - Environmental Issues in Latin America and the …, 2005 - Springer
Rapid urbanization and increased industrialization have led to high pollution levels
throughout Latin America. Economists tout policies based on market-based economic
incentives as the most cost-effective methods for addressing a wide variety of environmental
problems. This chapter examines market-based incentives and their applicability to Latin
America. We first review the market-based incentives traditionally used to address pollution
and compare these instruments to command-and-control policies. We then discuss two sets …
throughout Latin America. Economists tout policies based on market-based economic
incentives as the most cost-effective methods for addressing a wide variety of environmental
problems. This chapter examines market-based incentives and their applicability to Latin
America. We first review the market-based incentives traditionally used to address pollution
and compare these instruments to command-and-control policies. We then discuss two sets …
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