¥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