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Incentives and frameworks for increasing the capital value, service value and use rates of durable goods

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  • Paul M. Weaver

Abstract

Maximising the value and utilisation rate of the capital stock of durable goods offers a way to sustain wellbeing even in a capacitated environment. Niche examples demonstrate the potential, but new framing conditions and incentives are needed if the approach is to become mainstreamed. Although single-measure solutions to the essentially-systemic problem of how to provide incentives for change are unlikely, some measures may nevertheless be pivotal. Resource/emission ceilings and individual allowances (preferably tradable) for one or two critical resources or pollutants could form the lynchpin in a systemic approach to restructuring markets that would act on producers and consumers simultaneously.

Suggested Citation

  • Paul M. Weaver, 2008. "Incentives and frameworks for increasing the capital value, service value and use rates of durable goods," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 6(3/4), pages 310-333.
    • Handle: RePEc:ids:ijpdev:v:6:y:2008:i:3/4:p:310-333
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    Cited by:

    1. Eric Brouillat, 2015. "Live fast, die young? Investigating product life spans and obsolescence in an agent-based model," Journal of Evolutionary Economics, Springer, vol. 25(2), pages 447-473, April.

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