How do incentive-based pollution control policies differ, Microeconomics

How do incentive-based pollution control policies differ

Problem

How do incentive-based pollution control policies (such as carbon taxes and cap-andutrade) differ from command~andu control (such as uniform emission standards) policies with regard to incentives created by the policy to reveal information about the polluter's MAC curve to the regulator?

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Microeconomics: How do incentive-based pollution control policies differ

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Microeconomics: How do incentive-based pollution control policies differ

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