Regulation, Tax Policies, Subsidies as Remedies


In this video, Gary Libecap, Distinguished Professor at the University of California, Santa Barbara, takes an in-depth look into traditional solutions to environmental problems, and explains why they do not always work effectively. He illustrates his main ideas with two examples: The Acid Rain program initiated under the Clean Air Act in the US and the regulations imposed on halibut fishing in Canada in the 1980s.