Interactive aspects of producers and waste-disposal firms out of a market boundary

Eiji Hosoda ()
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Eiji Hosoda: Keio University

Journal of Economic Structures, 2016, vol. 5, issue 1, 1-29

Abstract: Abstract This paper examines how environmentally friendly production and disposal of waste are promoted by interaction between producers and disposal firms out of a market boundary. Utilizing the dual nature of price and quantity systems, I show that the concept of natural price or production price can be applied to constructing a sustainable economy, where production and waste disposal are made with a relatively small environmental burden. I demonstrate that such a sustainable economy can be created by extended producer responsibility.

Keywords: Waste; Reproducibility; Sustainable equilibrium; Extended producer responsibility (search for similar items in EconPapers)
JEL-codes: E11 O41 Q53 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1186/s40008-016-0038-7

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