Life Cycle of Products and Cycles

Jean De Beir (), Mouez Fodha and Francesco Magris
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Jean De Beir: EPEE, University Evry-Val-d’Essonne

No 09-16, Documents de recherche from Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne

Abstract: The aim of this paper is to examine whether the development of waste recycling activities can be a source of economic fluctuations. We assume that the recycling sector has four fundamental characteristics. (i) The production factors are restricted by the production of the last period. (ii) These production factors are waste for which the price determination is non-competitive. (iii) It produces a recycled good, which is a perfect substitute to the primary good. (iv) It reduces waste stream. We consider the simplest economy with an infinitely lived agent and a life cycle hypothesis for the goods. We show that the equilibrium is unique and is always determinate. In spite of the lack of indeterminacy, however, our system can display cyclical behavior, depending on some usual conditions on parameters. Namely, the steady-state may undergo a Flip and a Hopf bifurcation.

Keywords: cycles; recycling; waste (search for similar items in EconPapers)
JEL-codes: E32 Q53 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2009
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: LIFE CYCLE OF PRODUCTS AND CYCLES (2010)
Working Paper: Life Cycle Of Products And Cycles (2010)
Working Paper: Life Cycle Of Products And Cycles (2010)
Working Paper: Life Cycle Of Products And Cycles (2010)
Working Paper: Life Cycle of Products and Cycles (2008)
Working Paper: Life Cycle of Products and Cycles (2008)
Working Paper: Life cycle of products and cycles (2008)
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