Tax policy and secondary material use |
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Authors: | Robert C Anderson Richard D Spiegelman |
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Institution: | Environmental Law Institute, Washington, D. C. 20036, USA;University of Pennsylvania, Philadelphia, Pennsylvania 19104, USA |
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Abstract: | Legislative interest in policies to stimulate resource recovery has pointed out the need for an analysis of the determinants of materials flows. This paper characterizes the flows of virgin and secondary materials and explores in detail points where the two materials become substitute commodities. Econometric models specified at these points of substitution in the wastepaper and scrap steel industries are used to analyze various policy options being considered by Congress. |
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