Principles of Microeconomics / Unit 11 MIC 1006 short lesson, about 20 seconds
Command-and-Control Regulation
Captions available
The idea
Command-and-control regulation sets a legal limit on pollution and often the technology to use. It cut pollution sharply where applied; economists fault its cost, not its aim.
In practice
A rule that every plant cut emissions by half, using a named filter.
Where people slip
Three flaws: no reward for beating the standard, one rule for firms with different abatement costs, and loopholes won by lobbying.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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