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Market-based Approach in Shift from Linear Economy Towards Circular Economy Supported by Game Theory Analysis

Author

Listed:
  • Dolinsky Martin

    (Martin Dolinsky (Ing., PhD.), quest editor, scientific Journal on Energy, Sustainability and Society, Tiergartenstr. 17, 69121 Heidelberg, Germany)

  • Maier Stephan

    (Stephan Maier (Mag.), research assistant, Graz University of Technology, Institute for Process and Particle Engineering, Inffeldgasse 21a, Graz, Austria)

Abstract

Purpose of the article is to partially describe underpinning economics for the circular economy. A circular economy (closed-loop system) is an advancement from the linear economy (open-loop system) which behaves according to the hierarchy of 6R, preferring reuse, remanufacture or recycle solutions insead of disposal (known also as a „linear dead-end“).

Suggested Citation

  • Dolinsky Martin & Maier Stephan, 2015. "Market-based Approach in Shift from Linear Economy Towards Circular Economy Supported by Game Theory Analysis," Creative and Knowledge Society, Sciendo, vol. 5(2), pages 1-10, December.
    • Handle: RePEc:vrs:crknos:v:5:y:2015:i:2:p:1-10:n:3
    DOI: 10.2478/cks-2015-0009
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    More about this item

    Keywords

    Game theory; circular economy; linear economy; market-based approach; web-based tool;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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