Highfill, Jannett; McAsey, Michael - In: Environmental & Resource Economics 19 (2001) 1, pp. 37-52
The paper considers a dynamic model in which an income stream,growing over time, is optimally divided into consumption andexpenditures on waste disposal, the latter being optimally dividedbetween ``recycling''and ``landfilling.'' Recycling is thoughtof as a ``backstop'' waste disposal technology...