decisions is a Pareto-equilibrium. Nowadays most of capital supply stems from individual and institutionalised pension savings …. For ease of exposition we will assume that individual and collective pension savings are the only source of capital supply …. When capital supply equals demand from industry there is equilibrium on the capital market with a corresponding equilibrium …

have to exert separation effort to produce near-homogeneous waste streams suitable for recycling. Our model explicitly … guide recycling as well as legal disposal (landfilling) and illegal dumping. Both the number and level of taxes and …