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The New York City Council's proposal to regulate these vehicles is an aggressive form of command and control regulation: they plan to cap the number of vehicles.
They are widely viewed as more efficient than traditional command and control regulation.
There are alternatives to command and control regulation and one can envision a number of policy proposals that might work.
Further, both shift emissions reductions to the lowest-cost producers; this represents the most fundamental benefit over command and control regulation.
In the frictionless world of theory without transaction costs, allowance trading offers the potential of billions of dollars in savings when compared to traditional command and control regulation.
Gore at heart is a believer in command and control regulation while Bush has a healthy skepticism about how much the government can guide us.
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These were the days of command-and-control regulation.
The EPA recognizes that command-and-control regulation is not ideal.
Both should persuade lawmakers to develop, at long last, a comprehensive response to climate change instead of leaving the job to the EPA's command-and-control regulation.
This looks like the familiar distinction between output standards and command-and-control regulation, with economists arguing for the superiority of the former on efficiency grounds.
It is an attractive strategy for them to cut deals with regulators whereby they agree to follow privately negotiated rules in lieu of command-and-control regulation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com