Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The economics of secondary aluminium supply: an econometric analysis based on European data
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Social Sciences.ORCID iD: 0000-0003-2264-7043
2009 (English)In: Resources, Conservation and Recycling, ISSN 0921-3449, E-ISSN 1879-0658, Vol. 58, no 8, p. 455-463Article in journal (Refereed) Published
Abstract [en]

The purpose of this paper is to analyze the economics of secondary aluminium supply in Western Europe. We derive a supply model of secondary aluminium recovery and recycling, which integrates microeconomic theory of production with a dynamic model of scrap generation and accumulation. The supply function contains the secondary output price, a vector of input prices, and a measure of the size of the stock of old aluminium scrap. The model is estimated using pooled cross-section and annual time-series data for four European countries, Germany, France, Italy and the United Kingdom, over the time period 1983-2000. The estimated own-price elasticity of secondary aluminium supply is low (0.21) as is the supply response to changes in the stock of old scrap. The empirical results are useful for analyzing market behavior and policy impacts in the secondary aluminium market. The low supply responses to changes in the output price can - in combination with the high-income elasticity of material demand - help explain the observed price volatility of secondary aluminium prices. They also suggest that price-based policies influencing the supply side of the market may only have limited impacts on aluminium recycling rates, and that national collection of aluminium scrap is likely to have small influences on secondary aluminium production internationally.

Place, publisher, year, edition, pages
2009. Vol. 58, no 8, p. 455-463
Keywords [en]
Business / Economics - Economics
Keywords [sv]
Ekonomi - Nationalekonomi
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-9795DOI: 10.1016/j.resconrec.2009.03.001ISI: 000267318800005Scopus ID: 2-s2.0-67349219451Local ID: 87a74ee0-3686-11de-98cd-000ea68e967bOAI: oai:DiVA.org:ltu-9795DiVA, id: diva2:982733
Note
Validerad; 2009; 20090501 (ysko)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records BETA

Blomberg, JerrySöderholm, Patrik

Search in DiVA

By author/editor
Blomberg, JerrySöderholm, Patrik
By organisation
Social Sciences
In the same journal
Resources, Conservation and Recycling
Economics

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 319 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf