Cost Effectiveness and Cost-Benefit Analysis of Air Quality Regulations
A cost-benefit analysis of sulfur dioxide regulations concludes that the Clean Air Act should be amended to lower the cost of pollution control. Net benefits will be higher, the study shows, if marginal costs and benefits are equated instead of continuing the current method of mandating a level of emissions. A better control strategy will be more effective than stringent control even when there is great uncertainty and error. 8 references, 2 tables. (DCK)