Reflections on Government Solutions to Environmental Problems
Even for advocates of limited federal government involvement in private sector activity, there are certain responsibilities that it makes sense for the government, rather than the private sector, to fulfill. National defense is one of these responsibilities. Considered a public good, national defense is nonexcludable and nonrival. The same can often be said for environmental resources. Without government protections, no one in a free market would have sufficient incentives to manage and steward environmental resources for the public benefit.
Another reason for environmental law versus an unregulated market is the problem of cross-border pollution. Environmental pollution ...
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