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In this paper we consider a competitive economy with flows of materials from extraction via recycling to landfilling … stimulates recycling as expected. But it also increases primary material extraction and - possibly - the total waste flow, and it … reduces the recycling ratio. …
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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...
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