USGS ScienceSearch

USGS · 70012401

An econometric model of the U.S. secondary copper industry: Recycling versus disposal

Abstract

In this paper, a theoretical model of secondary recovery is developed that integrates microeconomic theories of production and cost with a dynamic model of scrap generation and accumulation. The model equations are estimated for the U.S. secondary copper industry and used to assess the impacts that various policies and future events have on copper recycling rates. The alternatives considered are: subsidies for secondary production, differing energy costs, and varying ore quality in primary production.

Explore related subjects

Keep this discovery

Explore connections, maps & timelines

BibTeXRIS

M.E. Slade. 1980. An econometric model of the U.S. secondary copper industry: Recycling versus disposal. https://doi.org/10.1016/0095-0696(80)90014-5

Cite the original work for its findings. Save a collection to share your selection of sources.

KEEP EXPLORING

Related USGS reports

Timing, uncertainty, and opportunity cost: Lessons for ecosystem modification on the Colorado River

While conservation goals have long been pursued through traditional species-augmenting actions, a broader set of episodic ecosystem modification (EEM) actions, such as hydropower dam releases, prescribed fire, and beach nourishment, is garnering attention. EEM actions face several implementation challenges stemming from high opportunity costs, delayed effect mechanisms, reliance on monitoring for deployment timing, and outcome uncertainty due to infrequent use. In this paper, we study the use of EEM actions in the form of designer flows—ecologically-motivated releases of water into regulated river segments—to maintain a viable population of a threatened native fish species in the Colorado River. We demonstrate how the cost-effectiveness of EEM actions can be hampered by the complex and delayed effects on species viability, but enhanced through targeted monitoring for timing deployment and experimentation for reducing uncertainty about effectiveness.

Arizona, Utah

The supply and demand for pollution control: Evidence from wastewater treatment

This paper analyzes the determination of pollution control from wastewater treatment plants as an economic decision facing local or regional regulators. Pollution control is measured by plant design effluent concentration levels and is fully endogenous in a supply- and-demand model of treatment choice. On the supply side, plant costs are a function of the design treatment level of the plant, and on the demand side, treatment level is a function of both the costs of control and the regional or regulatory preferences for control. We find evidence that the economic model of effluent choice by local regulators has a good deal of explanatory power. We find evidence that wastewater treatment plant removal of biological oxygen demand (BOD) is sensitive to many local factors including the size of the treatment plant, the flow rate of the receiving water, the population density of the surrounding area, regional growth, state sensitivity to environmental issues, state income, and the extent to which the damages from pollution fall on other states. We find strong evidence that regulators are sensitive to capital costs in determining the design level of BOD effluent reduction at a plant. Thus, proposed reductions in federal subsidies for wastewater treatment plant construction are likely to have significant adverse effects on water quality.

Journal of Environmental Economics and Management

Earthquake and volcano hazard notices: An economic evaluation of changes in risk perceptions

Earthquake and volcano hazard notices were issued for the Mammoth Lakes, California area by the U.S. Geological Survey under the authority granted by the Disaster Relief Act of 1974. The effects on investment, recretion visitation, and risk perceptionsare explored. The hazard notices did not affect recreation visitation, although investment was affected. A perceived loss in the market value of homes was documented. Risk perceptions were altered for property owners. Communication of the probability of an event over time would enhance hazard notices as a policy instrument and would mitigate unnecessary market perturbations.

Journal of Environmental Economics and Management