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This paper presents the model of an economy subject to the mass conservation principle. The economic system is related to the environment by a flow of virgin materials into the economy, and by the diffusion of waste into the environment. Eco-efficiency contributes to reducing material waste in...
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program on comprehensive analysis and management of residuals and pollution based on two pillars: the study of the residuals …-generating materials flow subject to the mass balance principle and the concept of pervasive (pollution) externality. The present paper … last decades. It is argued that while the externality approach to pollution gained widespread acceptance, the research …
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In this paper a method is developed to derive prices for natural goods from information about material and energy flows within ecosystems. The derivation is based on an analogy between ecological and economic systems: both systems are characterized by flows of material and energy. To derive...
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