Command and Control Solutions
- Title:
- Command and Control Solutions
- Description:
-
more » « less
What happened to the cleanliness of your clothes after the U.S. Department of Energy issued new washing machine requirements? The requirements — which require washers to use 20% less energy — mean that washers actually clean clothes less than they used to. Is “command and control" an efficient way to achieve the desired outcome (which is less pollution)? Rather than a standard requirement, such as the Department of Energy issued, a tax on electricity would provide users with greater flexibility in their washing—and would prompt people to purchase machines that use energy more efficiently and keep their clothes clean.
Microeconomics Course: http://mruniversity.com/courses/principles-economics-microeconomics
Ask a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/externalities-command-and-control#QandA
Next video: http://mruniversity.com/courses/principles-economics-microeconomics/coase-theorem-example
- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Micro
- Duration:
- 09:19
Peter Balla edited Hungarian subtitles for Command and Control Solutions | ||
Peter Balla edited Hungarian subtitles for Command and Control Solutions | ||
Peter Balla edited Hungarian subtitles for Command and Control Solutions | ||
Peter Balla edited Hungarian subtitles for Command and Control Solutions | ||
Fran Ontanaya edited Hungarian subtitles for Command and Control Solutions | ||
Fran Ontanaya edited Hungarian subtitles for Command and Control Solutions | ||
Silvia Rivera edited Spanish subtitles for Command and Control Solutions | ||
Silvia Rivera edited Spanish subtitles for Command and Control Solutions |