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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/110078

    Title: A Welfare Analysis on an Earmarked Deposit-Refund Recycling Policy
    Authors: Tsai, Tsung-Hsiu;Tsai, Ming-Fang;Chiou, Jiunn-Rong
    Keywords: Recycling Policy;Deposit-Refund;Earmarking;ExtendedProducer Responsibility;Welfare Analysis;回收政策;押退保證金;專款專用;生產者延伸責任制度;福利分析
    Date: 2016-12
    Issue Date: 2017-03-23 02:10:34 (UTC+8)
    Publisher: 台灣農村經濟學會
    Abstract: Amongst the recycling policies that carry the property of extended producer responsibilities, deposit-refund (D-R) is recognized as an ideal policy as it can achieve a socially optimal outcome. In reality however, D-R often runs into a budget deficit. To correct for this void, we take the budget balance constraint into account in this paper, and re-examine the features of an earmarked D-R in recycling and output markets. Specifically, we investigate the circumstances under which a D-R runs into a budget deficit and examine the highest social welfare that an earmarked D-R can achieve. It is found that when recycling cost is relatively high, marginal environmental damage is mild, and the output market is competitive, the social welfare of an earmarked D-R is close to the social optimum. Under alternative conditions however, i.e., when recycling cost is low, marginal environmental damage is large, and output market is imperfect, it is more likely for a D-R to run into a financial deficit; this implies that the welfare of an earmarked D-R is less than the social optimum.
    Relation: 農業經濟叢刊 22(2),頁 71-92
    DOI: 10.6196/TAER.2016.22.2.3
    Appears in Collections:[Graduate Institute & Department of Industrial Economics] Journal Article

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