From the Linear Economy to the Circular Economy: A Basic Model

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

From the Linear Economy to the Circular Economy : A Basic Model. / Sørensen, Peter Birch.

In: Finanzarchiv, Vol. 74, No. 1, 01.03.2018, p. 71-87.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Sørensen, PB 2018, 'From the Linear Economy to the Circular Economy: A Basic Model', Finanzarchiv, vol. 74, no. 1, pp. 71-87. https://doi.org/10.1628/001522118X15097191506475

APA

Sørensen, P. B. (2018). From the Linear Economy to the Circular Economy: A Basic Model. Finanzarchiv, 74(1), 71-87. https://doi.org/10.1628/001522118X15097191506475

Vancouver

Sørensen PB. From the Linear Economy to the Circular Economy: A Basic Model. Finanzarchiv. 2018 Mar 1;74(1):71-87. https://doi.org/10.1628/001522118X15097191506475

Author

Sørensen, Peter Birch. / From the Linear Economy to the Circular Economy : A Basic Model. In: Finanzarchiv. 2018 ; Vol. 74, No. 1. pp. 71-87.

Bibtex

@article{ae811467d73447779f9abcbb795d063d,
title = "From the Linear Economy to the Circular Economy: A Basic Model",
abstract = "This paper sets up a Ramsey model with natural resources to study the optimal recycling of polluting raw materials. Under plausible conditions it is optimal for the economy to go through an initial linear phase with no recycling followed by a circular phase where a fraction of materials is recycled to alleviate growing natural resource scarcity and environmental degradation. In the presence of a Pigouvian tax on nonrecycled materials a competitive market economy will ensure the optimal degree of recycling.",
keywords = "Faculty of Social Sciences, circular economy, linear economy, optimal recycling, Hotelling rule, Pigouvian taxation",
author = "S{\o}rensen, {Peter Birch}",
year = "2018",
month = mar,
day = "1",
doi = "10.1628/001522118X15097191506475",
language = "English",
volume = "74",
pages = "71--87",
journal = "FinanzArchiv",
issn = "0015-2218",
publisher = "Mohr Siebeck",
number = "1",

}

RIS

TY - JOUR

T1 - From the Linear Economy to the Circular Economy

T2 - A Basic Model

AU - Sørensen, Peter Birch

PY - 2018/3/1

Y1 - 2018/3/1

N2 - This paper sets up a Ramsey model with natural resources to study the optimal recycling of polluting raw materials. Under plausible conditions it is optimal for the economy to go through an initial linear phase with no recycling followed by a circular phase where a fraction of materials is recycled to alleviate growing natural resource scarcity and environmental degradation. In the presence of a Pigouvian tax on nonrecycled materials a competitive market economy will ensure the optimal degree of recycling.

AB - This paper sets up a Ramsey model with natural resources to study the optimal recycling of polluting raw materials. Under plausible conditions it is optimal for the economy to go through an initial linear phase with no recycling followed by a circular phase where a fraction of materials is recycled to alleviate growing natural resource scarcity and environmental degradation. In the presence of a Pigouvian tax on nonrecycled materials a competitive market economy will ensure the optimal degree of recycling.

KW - Faculty of Social Sciences

KW - circular economy

KW - linear economy

KW - optimal recycling

KW - Hotelling rule

KW - Pigouvian taxation

U2 - 10.1628/001522118X15097191506475

DO - 10.1628/001522118X15097191506475

M3 - Journal article

VL - 74

SP - 71

EP - 87

JO - FinanzArchiv

JF - FinanzArchiv

SN - 0015-2218

IS - 1

ER -

ID: 214826838