Abstract

http://ssrn.com/abstract=1082849
 
 

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Price Ambivalence on the German Waste Paper Market. Stylized Facts and a Dynamic Model


Ralph Winkler


University of Bern - Department of Economics; University of Bern - Oeschger Centre for Climate Change Research

Stefan Baumgärtner


University of Freiburg - Department of Environment and Natural Resources; Leuphana University of Lüneburg - Dept. of Sustainability Sciences and Dept. of Economics

April 2002


Abstract:     
Since 1990 the price for low quality waste paper on the German market is characterized by price ambivalence, i.e. it is at times positive and at times negative. The underlying reason is given by three institutional and technical characteristics of the market: (i) As a result of waste management laws the supply of waste paper is mostly independent of its price and its demand. (ii) Disposal of waste paper is not free but generally costly, e.g. by dumping or incineration. Alternatively, it may be used as a secondary resource in the production of new paper. (iii) The use of the secondary material as a productive input by the paper industry is technically limited. We develop a simple dynamic model of the German waste paper market compatible with the institutional and technical characteristics, and show how price ambivalence occurs.

Number of Pages in PDF File: 14

Keywords: price ambivalence, waste paper, secondary resources, costly disposal, environmental law

JEL Classification: L73, K32, Q24

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Date posted: January 13, 2008  

Suggested Citation

Winkler, Ralph and Baumgärtner, Stefan, Price Ambivalence on the German Waste Paper Market. Stylized Facts and a Dynamic Model (April 2002). Available at SSRN: http://ssrn.com/abstract=1082849 or http://dx.doi.org/10.2139/ssrn.1082849

Contact Information

Ralph Winkler (Contact Author)
University of Bern - Department of Economics ( email )
Schanzeneckstrasse 1
Bern, 3001
Switzerland
+41 31 631 4598 (Phone)
+41 31 631 3783 (Fax)
HOME PAGE: http://www.ralph-winkler.de
University of Bern - Oeschger Centre for Climate Change Research ( email )
Zähringerstrasse 25
Bern, 3012
Switzerland
Stefan Baumgärtner
University of Freiburg - Department of Environment and Natural Resources
Tennebacher Str. 4
Freiburg, 79106
Germany
HOME PAGE: http://www.ere.uni-freiburg.de
Leuphana University of Lüneburg - Dept. of Sustainability Sciences and Dept. of Economics ( email )
Germany
HOME PAGE: http://www.leuphana.de/seg
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