A Hotelling model for the circular economy including recycling, substitution and waste accumulation

被引:16
|
作者
Hoogmartens, Rob [1 ]
Eyckmans, Johan [2 ]
Van Passel, Steven [1 ,3 ]
机构
[1] Hasselt Univ, Ctr Environm Sci, Res Grp Environm Econ, Hasselt, Belgium
[2] Katholieke Univ Leuven, Ctr Econ & Corp Sustainabil, Campus Brussels, Leuven, Belgium
[3] Univ Antwerp, Fac Appl Econ, Dept Engn Management, Antwerp, Belgium
关键词
Non-renewable resources; Hotelling; Recycling; Substitution; Dynamic numerical optimisation modelling; EXHAUSTIBLE RESOURCES; EXTRACTION; TAXATION;
D O I
10.1016/j.resconrec.2017.09.015
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Non-renewable resources include a large variety of deposits that have been formed by geological processes over millions of years. Although extraction of such resources provides benefits as employment and economic revenues, it also contributes to negative environmental externalities and it increases resource scarcity. An important policy question is how to optimally extract non-renewable resource stocks over time while taking possible substitutes and recycling into account. The present paper adds to the literature by developing a generic numerical optimisation model that can be used to simulate non-renewable resource management regimes and the effects of different policy instruments deployed at different stages of the resource's life cycle. By including recycling and substitution, the model extends the seminal cake-eating Hotelling model that dominates the non-renewable resource economics literature. In addition to being generically designed, the model can accommodate for non-competitive market settings, interacting policy instruments and environmental externalities at different stages of the material's life cycle. The model's possibilities are illustrated by means of a numerical simulation example for the extraction of sand.
引用
收藏
页码:98 / 109
页数:12
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