Abstract
In this paper some principles of optimal control theory are applied to an examination of the possible differences that political and economic decisions making may have in the area of pollution control. The main points are that (1) Pollution Control Boards (PCB's) may behave as though they place weights on control and benefit functions that differ from market determined weights, (2) divergencies between political and market weights impose welfar; losses, and (3) given that PCB's may be succeeded by another board the current PCB may adapt its behavior to counteract or enforce the expected future behavior of the new PCB.
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