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The Institutional Economics of Collective Waste Recovery Systems: an empirical investigation

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  • Shteryo Nozharov

Abstract

The main purpose of the study is to develop the model for transaction costs measurement in the Collective Waste Recovery Systems. The methodology of New Institutional Economics is used in the research. The impact of the study is related both to the enlargement of the limits of the theory about the interaction between transaction costs and social costs and to the identification of institutional failures of the European concept for circular economy. A new model for social costs measurement is developed. Keywords: circular economy, transaction costs, extended producer responsibility JEL: A13, C51, D23, L22, Q53

Suggested Citation

  • Shteryo Nozharov, 2019. "The Institutional Economics of Collective Waste Recovery Systems: an empirical investigation," Papers 1901.00495, arXiv.org, revised Jan 2019.
    • Handle: RePEc:arx:papers:1901.00495
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    References listed on IDEAS

    as
    1. Shteryo Nozharov, 2018. "Transaction Costs In Collective Waste Recovery Systems In The Eu," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 18-30.
    2. Kroszner,Randall S. & Putterman,Louis (ed.), 2009. "The Economic Nature of the Firm," Cambridge Books, Cambridge University Press, number 9780521141772.
    3. Vladislav Valentinov & Lioudmila Chatalova, 2014. "Transaction Costs, Social Costs and Open Systems: Some Common Threads," Systems Research and Behavioral Science, Wiley Blackwell, vol. 31(2), pages 316-326, March.
    4. Williamson, Oliver E, 1973. "Markets and Hierarchies: Some Elementary Considerations," American Economic Review, American Economic Association, vol. 63(2), pages 316-325, May.
    5. Kroszner,Randall S. & Putterman,Louis (ed.), 2009. "The Economic Nature of the Firm," Cambridge Books, Cambridge University Press, number 9780521193948.
    6. R. H. Coase, 2013. "The Problem of Social Cost," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 837-877.
    7. Dijkgraaf, Elbert & Vollebergh, Herman R.J., 2004. "Burn or bury? A social cost comparison of final waste disposal methods," Ecological Economics, Elsevier, vol. 50(3-4), pages 233-247, October.
    8. Nikoleta Jones, 2010. "Investigating the influence of social costs and benefits of environmental policies through social capital theory," Policy Sciences, Springer;Society of Policy Sciences, vol. 43(3), pages 229-244, September.
    9. Martin C Spechler, 2009. "The Institutional Economics of Corruption and Reform," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 51(1), pages 149-151, March.
    10. Kinnaman, Thomas C. & Shinkuma, Takayoshi & Yamamoto, Masashi, 2014. "The socially optimal recycling rate: Evidence from Japan," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 54-70.
    11. Polski, Margaret, 2005. "The institutional economics of biodiversity, biological materials, and bioprospecting," Ecological Economics, Elsevier, vol. 53(4), pages 543-557, June.
    12. Peter Lewin, 1982. "Pollution Externalities: Social Cost and Strict Liability," Cato Journal, Cato Journal, Cato Institute, vol. 2(1), pages 205-229, Spring.
    13. Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753.
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    More about this item

    Keywords

    circular economy; transaction costs; extended producer responsibility jel: a13; c51; d23; l22; q53;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • 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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