Incentives and frameworks for increasing the capital value, service value and use rates of durable goods

Paul M. Weaver

International Journal of Product Development, 2008, vol. 6, issue 3/4, 310-333

Abstract: Maximising the value and utilisation rate of the capital stock of durable goods offers a way to sustain wellbeing even in a capacitated environment. Niche examples demonstrate the potential, but new framing conditions and incentives are needed if the approach is to become mainstreamed. Although single-measure solutions to the essentially-systemic problem of how to provide incentives for change are unlikely, some measures may nevertheless be pivotal. Resource/emission ceilings and individual allowances (preferably tradable) for one or two critical resources or pollutants could form the lynchpin in a systemic approach to restructuring markets that would act on producers and consumers simultaneously.

Keywords: durable products; service products; product-service systems; product lifespan; product utilisation rates; product capital stock; property rights; extended producer responsibility; warranty period; individual carbon allowances; tradable permits; green national accounts; capital value; service value; use rates. (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (1)

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