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Life Cycle Assessment for Economists

Author

Listed:
  • Deepak Rajagopal

    (Institute of the Environment and Sustainability and Department of Urban Planning, University of California, Los Angeles, California 90095)

  • Caroline Vanderghem

    (Department of Chemical Engineering and Applied Chemistry, University of Toronto, Toronto, Ontario M5S 3E5, Canada)

  • Heather L. MacLean

    (Department of Civil Engineering, University of Toronto, Toronto, Ontario M5S 1A4, Canada)

Abstract

Life cycle assessment (LCA) is a widely utilized technique to quantify inputs and emissions associated with the life cycle of a product, from raw materials extraction through the product's end-of-life. Given the basic economic principle of policy targeting, the case for focusing on emissions associated with a specific good as opposed to targeting each different externality needs development. This review identifies situations that merit a product life cycle approach in environmental regulation and then discusses the use of LCA with different types of policy instruments. We then discuss the methodological and implementation-related issues involved with using LCA as an economic decision aid as well as issues in designing regulations to control life cycle emissions. We conclude by identifying areas for future LCA research that are ripe for the application of microeconomic insights.

Suggested Citation

  • Deepak Rajagopal & Caroline Vanderghem & Heather L. MacLean, 2017. "Life Cycle Assessment for Economists," Annual Review of Resource Economics, Annual Reviews, vol. 9(1), pages 361-381, October.
    • Handle: RePEc:anr:reseco:v:9:y:2017:p:361-381
    DOI: 10.1146/annurev-resource-100815-095513
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    Citations

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    Cited by:

    1. Oriana Gava & Fabio Bartolini & Francesca Venturi & Gianluca Brunori & Angela Zinnai & Alberto Pardossi, 2018. "A Reflection of the Use of the Life Cycle Assessment Tool for Agri-Food Sustainability," Sustainability, MDPI, vol. 11(1), pages 1-16, December.
    2. Olavo Pinto & Beatriz Casais, 2023. "Multilevel implications for anti-consumption social marketing within the public policy framework for SDG realization: a systematic literature review," International Review on Public and Nonprofit Marketing, Springer;International Association of Public and Non-Profit Marketing, vol. 20(3), pages 605-634, September.
    3. Sergii Sardak & Igor Britchenko & Radostin Vazov & Oleksandr P. Krupskyi, 2021. "Life Cycle: Formation, Structure, Management," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 126-142.
    4. Hoarau, Quentin & Meunier, Guy, 2023. "Coordination of sectoral climate policies and life cycle emissions," Resource and Energy Economics, Elsevier, vol. 72(C).
    5. Oriana Gava & Francesca Galli & Fabio Bartolini & Gianluca Brunori, 2018. "Linking Sustainability with Geographical Proximity in Food Supply Chains. An Indicator Selection Framework," Agriculture, MDPI, vol. 8(9), pages 1-22, August.
    6. Oriana Gava & Fabio Bartolini & Francesca Venturi & Gianluca Brunori & Alberto Pardossi, 2020. "Improving Policy Evidence Base for Agricultural Sustainability and Food Security: A Content Analysis of Life Cycle Assessment Research," Sustainability, MDPI, vol. 12(3), pages 1-29, February.

    More about this item

    Keywords

    life cycle; regulation; leakage; transaction cost; adoption; labeling; uncertainty;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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