TRANSACTION COSTS IN COLLECTIVE WASTE RECOVERY SYSTEMS IN THE EU

Authors

Keywords
circular economy, transaction costs, institutional flaws, extended producer responsibility, collective waste management systems

The study aims to identify the institutional flaws of the current EU waste management model by analysing the economic model of ‘extended producer responsibility’ and collective waste management systems and to create a model for measuring the transaction costs borne by waste recovery organizations. The model was approbated by analysing the Bulgarian collective waste management systems that have been complying with the EU legislation for the last 10 years. The analysis focuses on waste oils because of their economic importance and the limited number of studies and analyses in this field as the predominant body of research to date has mainly addressed packaging waste, mixed household waste or discarded electrical and electronic equipment. The study aims to support the process of establishing a ‘circular economy’ in the EU, which was initiated in 2015.

JEL: L14, Q53
Pages: 13
Price: 2 Points

More titles

  • PRACTICAL ASPECTS OF FINANCIAL CONTROLLING IN A COMPANY

    Financial controlling facilitates the managers of companies in making the right managerial decisions. The process of controlling includes planning, control and analysis. Planning is associated with setting goals and developing planned budgets, control – with detecting deviations from the goals, whereas analysis is associated with disclosing the ...

  • ECONOMIC INEQUALITY IN BULGARIA IN THE 21ST CENTURY

    Research of economic inequality underlies the design and implementation of an adequate economic or social policy. This paper presents a survey of income inequality in Bulgaria in the period from 2001 to 2015 by studying the dynamics of the Gini coefficient, the integral coefficient of une¬ven distribution and decile ratios. We prove that despite ...

  • STATISTICS AND ITS SCIENTIFIC AND PRACTICAL ASPECTS - TRADITIONS AND CONTEMPORARY DIMENSIONS

    -...