Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
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Daily Overview |
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Environmental Policy 3 Location: B128 Session Chair: Don Fullerton, University of Illinois Urbana-Champaign | |
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Recycling or downcycling? A partial equilibrium analysis 1: Université Paris-Dauphine; 2: INRAe; 3: TBS Business School The production of low-quality secondary material, also called downcycling, is a common issue in the recycling sector but is rarely examined in theoretical economic models. Our paper proposes a modeling of this issue in a static partial equilibrium framework, then discusses various policy instruments boosting the production of secondary materials. The model focuses on waste processing after the collection stage. It is composed of a waste-processing sector collecting and processing waste into secondary materials of high- and low-quality. A final product sector produces manufactured goods of high- and low-economic value using secondary and virgin materials as imperfect substitutes. Comparative statics is performed to study the effect of various policy instruments. It appears that instruments targeting high-quality products benefit the entire waste-processing sector, while instruments enhancing low-quality outputs have a more limited or even negative impact on other outputs. A large difference between the prices of the recyclate and the downcyclate proves determinant in the choice of production of the waste-processing sector. | |