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Environmental Regulation and Its Impacts on the Secondary Raw Materials Market
[Vyčerpatelnost surovinových zdrojů, recyklace a krize na trhu druhotných surovin]

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  • Jan Slavík

Abstract

Business processes take place in an environment of complex systems that consist of many interrelated elements with stochastic and dynamic characteristics. Simulation and management methods were developed to cope with such complexity. Simulation and management methods are interdependent disciplines that were developed relatively separately, but we argue that simulation can serve as a tool for implementation of specific management methods, and at the same time, simulation and operational research represent the methodological foundation for many modern management methods.

Suggested Citation

  • Jan Slavík, 2009. "Environmental Regulation and Its Impacts on the Secondary Raw Materials Market [Vyčerpatelnost surovinových zdrojů, recyklace a krize na trhu druhotných surovin]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2009(6), pages 37-51.
    • Handle: RePEc:prg:jnlaop:v:2009:y:2009:i:6:id:287:p:37-51
    DOI: 10.18267/j.aop.287
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    References listed on IDEAS

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    1. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
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    More about this item

    Keywords

    resources depletion; recycling; back-stop technology; financial crisis; crisis of the secondary raw materials market;
    All these keywords.

    JEL classification:

    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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