  The study aims to identify the institutional flaws of the current EU waste
management model by analysing the economic model of extended producer
responsibility and collective waste management systems and to create a model
for measuring the transaction costs borne by waste recovery organizations. The
model was approbated by analysing the Bulgarian collective waste management
systems that have been complying with the EU legislation for the last 10 years.
The analysis focuses on waste oils because of their economic importance and the
limited number of studies and analyses in this field as the predominant body of
research to date has mainly addressed packaging waste, mixed household waste or
discarded electrical and electronic equipment. The study aims to support the
process of establishing a circular economy in the EU, which was initiated in
2015.
