| Abstract: | In a recent article in this journal, Livesey and Barcena supplied an interesting but necessarily superficial analysis of the market for waste paper. Their essential conclusion was that, faced with future shortages, and hence increased prices of wood pulp, the paper and board industry would be forced to rely more heavily on secondary fibre. In turn, they felt that ‘in order to ensure an adequate supply of waste paper, governments may need to exert a greater degree of influence over the market than they do at present’.This paper seeks to provide a more rigorous analysis of the ‘waste paper problem’ in terms of future demand and fluctuations in that demand. It also corrects some misconceptions in the paper by Livesey and Barcena as to the likely sources of future supply and the economics of securing those supplies. |
