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The document discusses the efficacy of Command-and-Control (CAC) and Market-Based Instruments (MBIs) in developing countries, highlighting the challenges posed by weak enforcement capacities. It notes that while CAC policies can be effective under certain conditions, non-pecuniary sanctions often outperform monetary fines in promoting compliance. Additionally, informal regulation from communities and NGOs can enhance enforcement, emphasizing the importance of regulatory capacity and targeted inspections for

Author

tanvi.2022.1628

Language

EN