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Author Hoogmartens, R.; Eyckmans, J.; Van Passel, S. pdf  url
doi  openurl
  Title A Hotelling model for the circular economy including recycling, substitution and waste accumulation Type A1 Journal article
  Year (down) 2018 Publication Resources Conservation And Recycling Abbreviated Journal Resour Conserv Recy  
  Volume 128 Issue 128 Pages 98-109  
  Keywords A1 Journal article; Engineering Management (ENM)  
  Abstract 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.  
  Address  
  Corporate Author Thesis  
  Publisher Place of Publication Editor  
  Language Wos 000417658500013 Publication Date 2017-10-12  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 0921-3449 ISBN Additional Links UA library record; WoS full record; WoS citing articles; WoS full record; WoS citing articles  
  Impact Factor 3.313 Times cited 5 Open Access  
  Notes ; ; Approved Most recent IF: 3.313  
  Call Number UA @ admin @ c:irua:148496 Serial 6142  
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