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Understanding the Economics of Waste: Drivers, Policies, and External Costs

Author

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  • Kinnaman, Thomas C.

Abstract

This survey reviews the economics literature on solid waste published since 2000. This survey also summarizes the results of the lifecycle literature estimating the magnitudes of the external marginal cost of waste disposal and the external marginal benefit associated with recycling. The external marginal cost of landfill disposal is found to be rather small. The external marginal benefit of recycling certain materials is found to be comparatively large. If these estimates are true, then conditions at solid waste landfills and incinerators may no longer be the driving source of market failure in the industry. Instead the sizable external benefits associated with recycling some materials may explain the need for policy.

Suggested Citation

  • Kinnaman, Thomas C., 2016. "Understanding the Economics of Waste: Drivers, Policies, and External Costs," International Review of Environmental and Resource Economics, now publishers, vol. 8(3-4), pages 281-320, June.
    • Handle: RePEc:now:jirere:101.00000071
    DOI: 10.1561/101.00000071
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    Citations

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    Cited by:

    1. Yokoo, Hide-Fumi & Kawai, Kosuke & Higuchi, Yuki, 2018. "Informal recycling and social preferences: Evidence from household survey data in Vietnam," Resource and Energy Economics, Elsevier, vol. 54(C), pages 109-124.
    2. Broberg, Thomas & Dijkgraaf, Elbert & Meens-Eriksson, Sef, 2022. "Burn or let them bury? The net social cost of producing district heating from imported waste," Energy Economics, Elsevier, vol. 105(C).
    3. Fu, Xinkai & Ueland, Stian M. & Olivetti, Elsa, 2017. "Econometric modeling of recycled copper supply," Resources, Conservation & Recycling, Elsevier, vol. 122(C), pages 219-226.
    4. Aiqin Wang & Sijia Dang & Wenying Luo & Kangyuan Ji, 2021. "Cultural Consumption and Knowledge, Attitudes, and Practices Regarding Waste Separation Management in China," IJERPH, MDPI, vol. 19(1), pages 1-19, December.
    5. Ek, Claes & Miliute-Plepiene, Jurate, 2018. "Behavioral spillovers from food-waste collection in Swedish municipalities," Journal of Environmental Economics and Management, Elsevier, vol. 89(C), pages 168-186.
    6. John Ryter & Xinkai Fu & Karan Bhuwalka & Richard Roth & Elsa Olivetti, 2022. "Assessing recycling, displacement, and environmental impacts using an economics‐informed material system model," Journal of Industrial Ecology, Yale University, vol. 26(3), pages 1010-1024, June.

    More about this item

    Keywords

    Solid waste; Recycling; External costs; External benefits;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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