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• W2137060765 abstract "For a durable consumption good which turns into waste after consumption, the socially optimal durability increases with an increase in the marginal environmental damage. In a laissez-faire equilibrium under perfect competition, producers fail to provide an ecient product design, i.e. durability is ineciently small, whereas the amount of solid waste is ineciently large. The market failure is corrected simply by Pigouvian taxation which also can be interpreted as an extension of the producer responsibility. In the case of imperfect competition (oligopoly or monopoly) Pigouvian taxation indeed ensures an ecient durability but generally not an ecient amount of solid waste." @default.
• W2137060765 created "2016-06-24" @default.
• W2137060765 creator A5067020658 @default.
• W2137060765 date "1999-01-01" @default.
• W2137060765 modified "2023-09-27" @default.
• W2137060765 title "Product Durability, Solid Waste Management, and Market Structure" @default.
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• W2137060765 hasPublicationYear "1999" @default.
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