Social Responsibility of Recycling

Albert Wing and Shaun Wilk

MPRA Paper from University Library of Munich, Germany

Abstract: Recycling is the process of making or manufacturing new products from a product that has originally served its purpose. If these used products are disposed of in an appropriate, environmentally friendly way, the process of recycling has been set in motion. There is some debate over whether recycling is economically efficient. Municipalities often see fiscal benefits from implementing recycling programs, largely due to the reduced landfill costs. Fiscal efficiency is separate from economic efficiency. Economic analysis of recycling includes what economists call externalities, which are unpriced costs and benefits that accrue to individuals outside of private transactions.

Keywords: Natural Resources; Recycling (search for similar items in EconPapers)
JEL-codes: L30 (search for similar items in EconPapers)
Date: 2019-04-05
New Economics Papers: this item is included in nep-env
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Published in Research in Management, Business & Commerce 7.6(2019): pp. 95-114

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93842

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