Date of Original Version

6-1984

Type

Article

Abstract or Description

Congress pursues externalities one at a time. The resulting legislation embodies the same sequential approach, instructing regulatory agencies to set and enforce standards for a single problem. Rarely, if ever, are agencies instructed or even permitted to account for contradictions with other federal legislation and rulemaking.

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Published In

The American Economic Review , 74, 3, 471-475.