Decreasing the Environmental Risks Through Inclusion of the Private Companies in the Process of Household Waste Management

Abstract

Municipalities in Bulgaria face environmental risks regarding household waste management. They have difficulties in accomplishing the goals set for waste recycling and recovery. The economic instruments applied on local level are not effective enough. That is why new solutions are searched in order to increase effectiveness of waste management policy and decrease environmental risks. The objective of the paper is to gather information on the waste management services market, the private companies’ main activities, obstacles to their expansion and attitude to future development and investments. The study went through several main steps: case study analysis of the institutional environment; sociological analysis of the empirical data on the business motivation and attitudes; modularity analysis of the transfers and transactions and theory-based identification of an appropriate governance structure.