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Marketable Pollution Permits: Their Values, Theory, And Application, D. Fraser Macfayden

Dalhousie Law Journal

The Economic Council of Canada recently expressed interest in exploring alternatives to the traditional command and control model of pollution control. The marketable pollution permit (MPP) scheme proposed by Dales is one such alternative.' This idea will be examined to assess its potential for practical application. I conclude that the MPP idea has little potential for widespread application. It is not suited to replace the command and control model. There is potential for the supporting principles of the scheme to provide a useful adjunct to current regulatory controls. The issue will be discussed in three sections. The first section will …