What is it about?
In this work, we study how three different levels of legislation on remanufacturing (no legislation, collection targets and collection and remanufacturing targets) impact the actions of the firm and how that in turn impacts the consumer surplus as well as environmental damage.
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Why is it important?
Often it is believed that legislation would lead to better overall outcomes for the environment. In this paper we show that remanufacturing targets could be detrimental to the consumer surplus as well as to the overall environment in addition to imposing additional costs on a monopolist. The type of impact depends on whether targets are imposed on just new products or both new and remanufactured products.
Perspectives
This is the first part of a study where my former doctoral student (now faculty at Purdue) and a former colleague (now faculty at NC state) started on a discovery path to understand the role of legislation and competition on sustainability efforts. We started this study in 2004/05. I was blown away by the amount of differences that were present between legislation challenges faced by firms in US and those in Western Europe and Japan (the latter faced a lot more). This research work took a long time in the review cycle - partly due to bad luck and partly due to novelty of topic. Delighted to see the interest in it since publication!
JAYASHANKAR Swaminathan
American Diplomacy Publishers
Read the Original
This page is a summary of: Take-Back Legislation: Consequences for Remanufacturing and Environment, Decision Sciences, September 2015, Wiley,
DOI: 10.1111/deci.12174.
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