Market-based Approach in Shift from Linear Economy Towards Circular Economy Supported by Game Theory Analysis

Dolinsky Martin () and Maier Stephan ()
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Dolinsky Martin: Martin Dolinsky (Ing., PhD.), quest editor, scientific Journal on Energy, Sustainability and Society, Tiergartenstr. 17, 69121 Heidelberg, Germany
Maier Stephan: Stephan Maier (Mag.), research assistant, Graz University of Technology, Institute for Process and Particle Engineering, Inffeldgasse 21a, Graz, Austria

Creative and Knowledge Society, 2015, vol. 5, issue 2, 1-10

Abstract: Purpose of the article is to partially describe underpinning economics for the circular economy. A circular economy (closed-loop system) is an advancement from the linear economy (open-loop system) which behaves according to the hierarchy of 6R, preferring reuse, remanufacture or recycle solutions insead of disposal (known also as a „linear dead-end“).

Keywords: Game theory; circular economy; linear economy; market-based approach; web-based tool (search for similar items in EconPapers)
JEL-codes: M14 M16 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:crknos:v:5:y:2015:i:2:p:1-10:n:3

DOI: 10.2478/cks-2015-0009

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