A Generalized Production Set. The Production and Recycling Function
AbstractThis article focuses on the technological aspect of recycling, its effect on the production set of the economy and the optimal use and substitution of natural resources in production. We provide a framework that enables us to compare the relevance of using renewable resources and recyclable resources for sustainability. A generalization of the traditional concept of Production Function is proposed: the Production and Recycling Function, which represents the production set when a recycling technology is available.
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Bibliographic InfoPaper provided by Centro de Estudios Andaluces in its series Economic Working Papers at Centro de Estudios Andaluces with number E2001/07.
Length: 22 pages
Date of creation: Dec 2001
Date of revision:
Recycling; Production; Renewable Resources; Nonrenewable Resources; Optimal Control.;
Find related papers by JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
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