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Social Responsibility of Recycling

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  • Wing, Albert
  • Wilk, Shaun

Abstract

Recycling is the process of making or manufacturing new products from a product that has originally served its purpose. If these used products are disposed of in an appropriate, environmentally friendly way, the process of recycling has been set in motion. There is some debate over whether recycling is economically efficient. Municipalities often see fiscal benefits from implementing recycling programs, largely due to the reduced landfill costs. Fiscal efficiency is separate from economic efficiency. Economic analysis of recycling includes what economists call externalities, which are unpriced costs and benefits that accrue to individuals outside of private transactions.

Suggested Citation

  • Wing, Albert & Wilk, Shaun, 2019. "Social Responsibility of Recycling," MPRA Paper 93842, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:93842
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    More about this item

    Keywords

    Natural Resources; Recycling;

    JEL classification:

    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General

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