Price ambivalence of secondary resources: joint production, limits to substitution, and costly disposal

Research output: Journal contributionsJournal articlesResearchpeer-review

Authors

The paper studies price ambivalence of secondary resources based on the model of a vertically integrated two-sector economy with resources and waste. It is shown that even for preferences, technology and waste damage function satisfying standard assumptions, in particular,monotonicity and convexity, both the efficient shadow price and the competitive equilibrium price of the secondary resource may be positive, zero or negative. Rigidities in the supply of the secondary resource, limits to substitution between the primary and the secondary resource, and costly disposal are identified as crucial for this result. Empirical evidence of price ambivalence comes from the German spot market for waste paper. © 2004 Elsevier B.V. All rights reserved.
Original languageEnglish
JournalResources, Conservation and Recycling
Volume43
Issue number1
Pages (from-to)95-117
Number of pages23
ISSN0921-3449
DOIs
Publication statusPublished - 01.12.2004
Externally publishedYes

Recently viewed

Publications

  1. Nutzung von Nachhaltigkeitsmanagement-Software in kleinen und mittleren Unternehmen
  2. Die Bühne als Display
  3. Social preferences towards ecosystem services provided by cloud forests in the neotropics
  4. Beyond the Looking Glass, into the Web
  5. Vertrauen
  6. CITY:mobil : A Model for Integration in Sustainability Research
  7. Black Pedagogy 4.0: Art as a School Subject in the Wake of Competence Orientation and Digitalization
  8. Fostering students’ participation in the implementation of the sustainable development goals at higher education institutions
  9. Castability of some magnesium alloys in a novel castability die
  10. Technikfolgenabschätzung - eine Einführung
  11. DIN
  12. Remote internships: The experiences of pre-service teachers during the COVID-19 pandemic
  13. Temperate alley-cropping agroforestry improves pest control potential by promoting spider abundance and functional diversity
  14. Sustainability Potential Analysis (SPA) of landfills
  15. VET Teacher Education - a Co-Constructive Design Process
  16. Evolutionary Precursors of Negation in Non-Human Reasoning
  17. Krieg in der Zivilgesellschaft
  18. Business ethics and management development
  19. Proserpina
  20. Country-level and individual-level predictors of men's support for gender equality in 42 countries
  21. Kulturell geprägte Konventionen des Sprachgebrauchs
  22. External Influences on Regionalism
  23. Smart Metering und die Liberalisierung des Messwesens
  24. Gute Arbeit im Mittelstand
  25. Buchenwälder und Klimawandel
  26. Von der Theorie zur Erfahrung
  27. Trends Towards Pure Leisure
  28. Ethik
  29. Castability of magnesium alloys
  30. Ontologiebasierte Repräsentation von Integrationsprofilen
  31. In situ air-water and particle-water partitioning of perfluorocarboxylic acids, perfluorosulfonic acids and perfluorooctyl sulfonamide at a wastewater treatment plant
  32. Cultural Heritage and the Rejuvenation of Spa Towns
  33. Spiele(n) mit geringsten Mitteln
  34. Social-Ecological Functional Types
  35. Fremdsprachendidaktiker im Furioso
  36. Entrepreneurial Investing
  37. Was bewirken sprachliche Variationen von Aufgabenkontexten für das Schreiben von argumentativen Schülertexten?
  38. Indicated Prevention
  39. Kompositionseffekte bei der Notenvergabe in Mathematik auf der 4. Schulstufe der österreichischen Volksschule
  40. Zwei Welten
  41. When Matter Becomes an Active Agent
  42. Law and Gospel
  43. Sozialer Dialog in der Krise - Social dialogue in crisis?
  44. Artful and sensory sustainability science: Exploring novel methodological perspectives
  45. Die Rohstoff-Expedition