Product Durability and Extended Producer Responsibility in Solid Waste Management

Marco Runkel ()

Environmental & Resource Economics, 2003, vol. 24, issue 2, 182 pages

Abstract: Using a vintage durable good model, this paper investigates how extended producer responsibility (EPR) in waste management influences product durability and welfare. Four EPR instruments are discussed and compared with the benchmark in which producers do not receive price signals for waste disposal. In each case, EPR induces durability to increase. Under perfect competition the welfare change caused by EPR is unambiguously positive and one EPR instrument is even capable of implementing the first-best welfare optimum. In contrast, under imperfect competition EPR may lead to a welfare reduction. The analysis also compares EPR to non-EPR measures. Copyright Kluwer Academic Publishers 2003

Keywords: extended producer responsibility; market structure; product durability; solid waste (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (24)

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DOI: 10.1023/A:1022800206337

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