Benteng Zou

amse seminar

Benteng Zou

University of Luxembourg
Strategic considerations of resource depletion and recycling: The case of critical mineral
Joint with
Hassan Benchekroun, Weihua Ruan
Venue

IBD Amphi

Îlot Bernard du Bois - Amphithéâtre

AMU - AMSE
5-9 boulevard Maurice Bourdet
13001 Marseille

Date(s)
Monday, November 28 2022| 11:30am to 12:45pm
Contact(s)

Ewen Gallic: ewen.gallic[at]univ-amu.fr
Avner Seror: avner.seror[at]univ-amu.fr

Abstract

With the exhaustion of non-renewable resources and the increasing importance of essential materials for sustainable development, recycling is called into actions. For the critical mineral with positive minimum demand, this paper’s findings are threefold, regardless the market structure (social planner’s optimal choice or market competitions) and choice of strategy: (1) recycling technology can release partially the dependence on the supply of critical mineral, but the release only partially, given recycling depends on the accumulated supply before; (2) recycling technology postpones the pressure of the critical mineral’s exhaustion, but the postpone is as well not permanent; and (3) it is almost never an optimal strategy for the original resource players to hold back supply to the market.