She can be expected to push for less "command and control" regulation and more use of "market incentives," local control and voluntary compliance.
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.
McCarthy will take the lead on the traditional command and control regulation of greenhouse gasses under the Clean Air Act that has been authorized by the Supreme Court.
Although a market-oriented approach has the potential to improve upon traditional command and control regulations, questions remain about how these rights-based institutions can be implemented such that the potential gains from liberalized trade can be realized.
The top-down, "command and control" regulations of the first generation of environment activism could not cope effectively with these new problems.
Though cap and trade or a carbon tax would make reducing greenhouse gasses more cost effective, I don't think we'll see any of these creative approaches to climate policy until the command and control regulations are in place.
"Get off my grass!" Sergeant Major King, the daughter of a sharecropper near Fort Bragg, N.C., was described in the interview as having a clipped speaking style, an acute command of regulations and a visible disgust with slovenliness.
On the supervisory task-control level, the solution sought has been derived in terms of a supervisory production-rule, fuzzy-Petri-net based controller that generates commands to lower regulation control level.
