Self-growing Market

HONOURABLE MENTION of Market 2.0: Circular Economy Hub

+ HONOURABLE MENTION

Market 2.0: Circular Economy Hub

Self-growing Market

Team

Name: Xinyu Wang

Nationality: China

Institution / Company: Beijing Institute Of Fashion Technology

Name: Li Zhang

Nationality: China

Institution / Company: Beijing Normal University

---

The purpose of this study is to design a construction logic of ecological restoration buildings from the perspective of environmental economics, and to explore how to use the building itself to correct market failures and mitigate negative externalities under the ideal situation without government supervision system, so as to further solve consumption disputes.

China’s heavy metal polluted land accounts for 1/6 of the total land, which was mainly caused by enterprises or individuals in the process of production and consumption of pollutants. As the market price fails to fully reflect the cost of such damage, polluters do not need to bear all the responsibility. Land pollution is becoming more and more serious. At the same time, the trust crisis of consumers and producers also becomes more severe due to the black box of the market. We design a construction logic of ecological restoration buildings and apply it to the perfectly competitive market to explore the possibility of fundamentally repairing and reconstructing market operation logic.

---