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산업

Policy Study

Economic Incentives in Waste Management : Korea's Case

페이스북
커버이미지
  • 저자 남일총(南逸聰)
  • 발행일 1993/07/01
  • 시리즈 번호 93-03
원문보기
요약 The main objective of this paper is two-fold: to evaluate the
current waste management policy of Korea and to search for an
alternative set of policies that utilizes greater private incentives,
Adequacy of both the current and the alternative systems can be
discussed in two fronts: waste generation and waste treatment.
It will be shown that the current system fails to give economic
agents adequate incentives to internalize the externality that their
activities generate on both fronts, and as a consequence, too
much waste is emitted and too little waste in treated in terms
of social efficiency. As an alternative, a set of measures will be
proposed that are designed to induce an economic environment
in which self-interest of agents will lead to a more efficient
outcome.

The paper proceeds as follows: An overview of the
environmental policies of Korea is given in the next section,
followed by a critical evaluation of the current policies in Section
Ⅲ. Section Ⅳ is devoted to the development of an alternative
system. Section Ⅴ contains a case study of used lubricating oil,
and Section Ⅵ draws conclusions.

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