The present paper provides theoretical insights regarding the determinants of firms' incentives to invest in a Circular Economy. The analysis relies on a Cournot model disaggregating the disposal cost in the production function. In a non-simultaneous sequential game, two risk-neutral firms are...

Misunderstanding terms like ciclicity, circularity, and nonlinearity can bring about confusion and endanger a good idea, tested by industrial ecology and widely known as "dematerialization of the economy". That is why the main the objective of the present article is to clarify the concept of...