¥problem areas:
–use of ÒsameÓ standards
internalizes only part of the external costs
–fails to make use differing physical geographic environments
–requiring ÒsameÓ technology discourages development of better
& cheaper pollution control and resource conservation
technology
–can force out small firms lacking sufficient investment capital
–standards & regulations tend to be ones that are enforceable rather than optimal
–problems with overlapping & conflicting jurisdictions
–complaints that ÒpollutersÓ donÕt pay for damages
–lobbying efforts can delay & weaken compliance via courts, revised legislation &
administrative procedures