Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/300037 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
CESifo Working Paper No. 11109
Publisher: 
CESifo GmbH, Munich
Abstract: 
Research about the circular economy is dominated by engineers, architects, and social scientists in fields other than economics. The concepts they study can be useful in economic models of policies – to reduce virgin materials extraction, to encourage green design, and to make better use of products in ways that reduce waste. This essay attempts to discuss circular economy in economists' language about market failures, distributional equity, and policies that can raise economic welfare by making the appropriate tradeoffs between fixing those market failures and achieving other social goals.
Subjects: 
disposal
dumping
environment
extraction
litter
policy
product design
recycling
remanufacturing
repair
reuse
social justice
sustainability
JEL: 
H23
Q38
Q52
Q53
Document Type: 
Working Paper
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