Robert K. Fleck, F. Andrew Hanssen
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
A new paper challenges conventional wisdom about the role of business in environmental issues. Written primarily for business executives, it offers new ideas for addressing environmental challenges while keeping a principled commitment to market competition, consumer choice, and innovation.