Market-Based Options In all of these market-based options, there is an incentive to modify the firm's process or replace the polluting input.
{"Image DocumentName": "Market-Based OptionsIn all of these market-based options, there is an incentive to modify the firm\u2019s process or replace the polluting input.", "Image ImageDescription": "The goal would be to lower costs by reducing waste and pollution. Technological innovation would be the prime mover in these activities. Sawmills used to pile up sawdust in a stack behind the mill. This wood residue then decomposed into its principal chemicals and was washed into adjoining streams. Some of the chemicals were acids and the waters got poisoned, killing fish and vegetation. When the mills were told to stop piling up sawdust, they were saved by technology. Someone in the industry proposed combining sawdust and wood chip residue with glue and running it through a high-pressure machine to make particleboard. This turned a waste product that polluted into another revenue-producing, satisfying good.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}