Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83208
Authors: 
Eichner, Thomas
Runkel, Marco
Year of Publication: 
2000
Series/Report no.: 
Volkswirtschaftliche Diskussionsbeiträge 88-00
Abstract: 
In a dynamic general equilibrium model we explictly consider the relationship between the product attributes 'durability' and 'recyclability'. Both efficiency and sustainability aspects are taken into account. It turns out (a) that durability may be inefficient even in a perfectly competitive economy in which environmental externalities are absent, (b) that in case where markets for product design are absent the efficiency restoring tax-subsidy schemes may significantly differ from the sustainability restoring tax-subsidy schemes and (c) that changing the property rights for consumption goods and consumption residuals is a promising policy option to overcome market failure.
JEL: 
H21
Q28
Document Type: 
Working Paper

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