Efficient and Sustainable Management of Product Durability and Recyclability

Thomas Eichner and Marco Runkel ()

Volkswirtschaftliche Diskussionsbeiträge from Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht

Abstract: In a dynamic general equilibrium model we explictly consider the relationship between the product attributes 'durability' and 'recyclability'. Both efficiency and sustainability aspects are taken into account. It turns out (a) that durability may be inefficient even in a perfectly competitive economy in which environmental externalities are absent, (b) that in case where markets for product design are absent the efficiency restoring tax-subsidy schemes may significantly differ from the sustainability restoring tax-subsidy schemes and (c) that changing the property rights for consumption goods and consumption residuals is a promising policy option to overcome market failure.

JEL-codes: H21 Q28 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2000-07
New Economics Papers: this item is included in nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:sie:siegen:88-00

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