Recycling and Landfilling in a Dynamic Sraffian Model: Application of the Corn-guano Model to a Waste Treatment problem

Author: Hosoda, Eiji

Source: Metroeconomica, Volume 52, Number 3, August 2001 , pp. 268-281(14)

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Abstract:

Landfill sites may be regarded as input for a waste treatment process. Considering landfill as an exhaustible resource, we apply a basic corn-guano model to a waste treatment problem. We show how dynamic substitution between landfilling and recycling occurs. Namely, in an early stage, landfill disposal is adopted as waste treatment and a recycling process is not activated. Once an economy faces exhaustion of landfill, a recycling process is activated as a backstop technology. We refer to the possibility that an economy may be unstable after exhaustion of landfill, even if it enjoys stable growth at the early stage.

Document Type: Original article

DOI: http://dx.doi.org/10.1111/1467-999X.00119

Affiliations: 1: Keio University, Tokyo

Publication date: 2001-08-01