Data/hora: 08/06/2024 18:52:45

Provedor de dados: 	Research in Agricultural & Applied Economics (AgEcon Searh)	
País: 	United States	
Título: 	How Local Governments Structure Contracts with Private Firms: Economic Theory and Evidence on Solid Waste and Recycling Contracts	
Autores: 	Walls,   Margaret.	
Data: 	2005-10-26	
Ano: 	2003	
Palavras-chave: 	Incentive contracts; Asset specificity; Principal-agent models; Waste collection; Recycling; Environmental Economics and Policy; L33; L14; Q2.	
Resumo: 	Solid waste management services are contracted out to private firms in many U.S. communities. Household waste collection, transport, and disposal are relatively straightforward services to define within the terms of a contract. The addition of recycling, however, significantly complicates matters. How should contracts be structured to provide incentives for recycling? Who should own key facilities, such as recyclable materials processing facilities? Should a separate contract for processing and sale of materials be used, or should these services be provided by government employees or purely private markets? These questions are addressed in this study using the principal-agent framework and the theory of incomplete contracts in economics. I explain stylized facts in the industry, including facts about asset ownership, and look in detail at contracts used in seven communities that have achieved high rates of waste diversion and recycling.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	18645

http://purl.umn.edu/10707	
Editor: 	AgEcon Search	
Relação: 	Resources for the Future&gt;Discussion Papers

Discussion Paper 03-62	
Formato: 	45

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