Volume 21 Issue 3 Symposium on "Environmental Regulation and the U.S. Economy" Summer 1981 Stationary Source Pollution Policy and Choices for Reform Winston Harrington Alan J. Krupnick Recommended Citation Winston Harrington & Alan J. Krupnick, Stationary Source Pollution Policy and Choices for Reform, 21 Nat. Resources J. 539 (1981). Available at: https://digitalrepository.unm.edu/nrj/vol21/iss3/7 This Article is brought to you for free and open access by the Law Journals at UNM Digital Repository. It has been accepted for inclusion in Natural Resources Journal by an authorized editor of UNM Digital Repository. For more information, please contact
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[email protected]. STATIONARY SOURCE POLLUTION POLICY AND CHOICES FOR REFORM WINSTON HARRINGTON and ALAN J. KRUPNICK* In response to the alleged adverse effects of regulation, the recon- sideration of environmental policies now under way gives far more prominence to the economic implications of regulatory policies than has been the case in the past. Adverse economic effects associated with regulation, however, do not necessarily justify the abandonment of environmental policy objectives. Rather, these effects may be seen as emphasizing the importance of seeking alternative approaches. The environmental policies with the greatest impact on the national economy are probably those that limit industrial air and water pollu- tion. These policies are now under attack for imposing excessive com- pliance costs on households, firms, and government and for retarding innovation and investment. These costs have, in turn, been linked to excessive reliance on technology-based standards and to cumbersome and erratic procedures for obtaining permits for construction of new plant and equipment.