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A Generalized Production Set. The Production and Recycling Function

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Abstract

This article focuses on the technological aspect of recycling, its effect on the production set of the economy and the optimal use and substitution of natural resources in production. We provide a framework that enables us to compare the relevance of using renewable resources and recyclable resources for sustainability. A generalization of the traditional concept of Production Function is proposed: the Production and Recycling Function, which represents the production set when a recycling technology is available.

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  • Francisco J. André & Emilio Cerdá, 2001. "A Generalized Production Set. The Production and Recycling Function," Economic Working Papers at Centro de Estudios Andaluces E2001/07, Centro de Estudios Andaluces.
    • Handle: RePEc:cea:doctra:e2001_07
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    More about this item

    Keywords

    Recycling; Production; Renewable Resources; Nonrenewable Resources; Optimal Control.;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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