The Study On Resource Price Mechanism Under The Mode Of Circular Economy

Circular economy, as the new economic development mode our state encouraging, aims to utilize resources circularly and effectively and reduce the environmental pollution and ecological destruction. Due to the great positive externalities for natural resource and environment, circular economy itself usually has a rough operation. Perfecting the market mechanism is the effective way to control the externalities of circular economy. Under the mode of circular economy, the establishment of the price mechanism of resources is the realization for allocating resources by the market and promoting the operation of circular economy.It provides theoretical support for the construction of circular economy system that the basic theory of circular economy, connotation and feature, principle and requirement, and the relationship between circular economy and market economy. And then, it builds operational norms for the presentation of the resource price mechanism under the mode of circular economy that the operation of circular economy system. It provides a realistic basis for the formulation of circular economic policies that the domestic and foreign development of circular economy in status, objectives and constraints. And then, circular economic policies have the effects on quantities of resource supply, which is the critical factor of establishing resource price mechanism under the mode of circular economy.The resource price mechanism under the mode of circular economy consists of the regenerative resource price, the native resource price and the strength of economic policies. And the strength of economic policies can be affected by the technological advance of regenerative resources and the social expectations of circular economy via resource price. In the short term, the equilibrium strength of economic policies is the critical point where regenerative resources can be utilized preferentially, when regenerative resources and native resources achieve the dual equilibrium. And in the long term, the equilibrium strength of economic policies will be reduced by the significant level of technological advance of regenerative resources. Besides, the equilibrium strength of economic policies will be reduced by the enhanced social expectations of circular economy in the resource price mechanism with rational expectation.Resource price mechanism under the mode of circular economy can achieve the following functions due to the impact of the strength of economic policies, technology advance and social expectations and other factors. The first is to allocate resources relying on markets, utilizing regenerative resources preferentially, and reducing government intervention in the economy gradually. The second is to promote circular economy operating smoothly, building the operation principle of circular economy, and accelerating the establishment of the development mode of circular economy.