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Interactive aspects of producers and waste-disposal firms out of a market boundary

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  • Eiji Hosoda

    (Keio University)

Abstract

This paper examines how environmentally friendly production and disposal of waste are promoted by interaction between producers and disposal firms out of a market boundary. Utilizing the dual nature of price and quantity systems, I show that the concept of natural price or production price can be applied to constructing a sustainable economy, where production and waste disposal are made with a relatively small environmental burden. I demonstrate that such a sustainable economy can be created by extended producer responsibility.

Suggested Citation

  • Eiji Hosoda, 2016. "Interactive aspects of producers and waste-disposal firms out of a market boundary," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 5(1), pages 1-29, December.
    • Handle: RePEc:spr:jecstr:v:5:y:2016:i:1:d:10.1186_s40008-016-0038-7
    DOI: 10.1186/s40008-016-0038-7
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    References listed on IDEAS

    as
    1. Christian Gehrke & Christian Lager, 1995. "Environmental Taxes, Relative Prices And Choice Of Technique In A Linear Model Of Production," Metroeconomica, Wiley Blackwell, vol. 46(2), pages 127-145, June.
    2. Kurz, Heinz D., 2008. "Innovations and profits: Schumpeter and the classical heritage," Journal of Economic Behavior & Organization, Elsevier, vol. 67(1), pages 263-278, July.
    3. Franke, Reiner, 1986. "Some Problems Concerning the Notion of Cost-Minimizing Systems in the Framework of Joint Production," The Manchester School of Economic & Social Studies, University of Manchester, vol. 54(3), pages 298-307, September.
    4. Steedman, Ian, 1975. "Positive Profits with Negative Surplus Value," Economic Journal, Royal Economic Society, vol. 85(337), pages 114-123, March.
    5. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676.
    6. Christian Lager, 2001. "Joint Production with ‘Restricted Free Disposal’," Metroeconomica, Wiley Blackwell, vol. 52(1), pages 49-78, February.
    7. Takao Fujimoto & Arrigo Opocher, 2010. "Commodity Content In A General Input–Output Model," Metroeconomica, Wiley Blackwell, vol. 61(3), pages 442-453, July.
    8. Eiji Hosoda, 2012. "Recycling of waste and downgrading of secondary resources in a classical type of production model," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 1(1), pages 1-22, December.
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    More about this item

    Keywords

    Waste; Reproducibility; Sustainable equilibrium; Extended producer responsibility;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • 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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