Beschreibung:
This article provided an overview of the costs and benefits of regulating mercury emissions from power plants using IQ gains as a measure of benefits. Our assessment suggests strongly that the benefits are not likely to be worth the costs. This is true both for the command-and-control regulatory regime that was proposed as well as the market-based regulatory regime that was ultimately adopted. However, the market-based approach could reduce the costs of achieving the emissions goal by about $15 billion