Incentives and frameworks for increasing the capital value, service value and use rates of durable goods

Research output: Contribution to journalArticlepeer-review

Abstract

Maximising the value and utilisation rate of the capital stock of durable goods offers a way to sustain wellbeing even in a capacitated environment. Niche examples demonstrate the potential, but new framing conditions and incentives are needed if the approach is to become mainstreamed. Although single-measure solutions to the essentially-systemic problem of how to provide incentives for change are unlikely, some measures may nevertheless be pivotal. Resource/emission ceilings and individual allowances (preferably tradable) for one or two critical resources or pollutants could form the lynchpin in a systemic approach to restructuring markets that would act on producers and consumers simultaneously.

Original languageEnglish
Pages (from-to)310-333
Number of pages24
JournalInternational Journal of Product Development
Volume6
Issue number3-4
DOIs
Publication statusPublished - 2008
Externally publishedYes

Keywords

  • Extended producer responsibility
  • Green national accounts
  • Individual carbon allowances
  • Product capital stock
  • Product lifespan
  • Product utilisation rates
  • Product-service-systems
  • Property rights
  • Service-products
  • Tradable permits
  • Warranty period

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