switching to water-based asphalt, thus allowing construction of an oil refinery in Portsmouth.
Performance standards also leave industries free to reach regulatory goals in their own way. The Occupational Safety and Health Adminis- tration last year dropped 900 specific workplace regulations and re- placed them with broad standards.
Information approaches are used the Federal Trade Commission and other agencies; the idea is that if consumers are given enough information about a product (e.g.,...