ECON 275, Natural Resource and Environmental Economics
Class Time: WF | 10:00am -11:30am | 2nd Sem AY 2014-2015
Room: SE 301
Tentative Syllabus
Majah-Leah V. RAVAGO, PhD
Office: SE 316 | Ofc Hrs: W | 3:00-4:00 PM
Email: [email protected]
Ujjayant Chakravorty, PhD
Office: SE 236 | Ofc Hrs: W | 1:30-2:30 PM
Email: [email protected]
Overview
Environmental resource issues are increasingly at the forefront of public policy debates.
Modern economic policy analysis requires the ability to extend the tools of public microeconomics to
externality issues and the management of natural capital. We develop the principles of sustainable
development and sustainability science in contrast to popular representations. Special emphasis on
topics of crude oil and energy, nuclear power and biofuels, renewable energy will be given. Other
specific topics include fisheries and forest policy as well as environmental regulation and resources,
development and conflict in a global context.
The strategy is to introduce some simple economic concepts, often introduce a toy model that
generates key insights, and then compare model predictions to reality. Thus, the course will not only
introduce you to cutting edge thinking and research in the field, but also explain how the implications of
the research for policy. The course will balance theoretical treatment of subjects with empirical analysis.
The course is suitable for both MA and Ph.D. students. The professors will be available to help students
design publishable research and/or pursue particular policy questions of interest.
Learning Objectives
The objectives of this course are to (1) learn to design and evaluate resource and environmental
policies by applying the principles of environmental resource economics and public policy; (2) engage
the classic literature of the field and more recent methodological developments/applications; (3)
participate in research that contributes to the field of resource and environmental economics; and (4)
enhance confidence in presentation and discussion skills.
Recommended:
Balisacan, A.M., U. Chakravorty, and M.V. Ravago (eds). 2015. Sustainable Economic Development:
Resources, Environment and Institutions, Elsevier Elsevier Academic Press, USA.
http://store.elsevier.com/Sustainable-Economic-Development/isbn-9780128004166/
http://www.amazon.com/gp/offer-listing/0128003472/ref=dp_olp_new?ie=UTF8&condition=new
Roumasset, Burnett, Balisacan, 2010. Sustainability Science for Watershed Landscapes.
http://www.amazon.com/Sustainability-Science-Watershed-LandscapesRoumasset/dp/9814279609
http://www.searca.org/index.php/knowledge-management/knowledgeresources/publications/18-sustainability-science-for-watershed-landscapes
Hartwick and Olewiler, The Economics of Natural Resource Use.
http://www.amazon.com/The-Economics-Natural-Resource-Edition/dp/0321014286
Tietenberg, Tom and Lynne Lewis (2012) Environmental and Natural Resource Economics,
9th Edition, Pearson. (referred as T-L)
1
Jon Conrad. 2010. Resource Economics.
http://www.amazon.com/Resource-Economics-Jon-M-Conrad/dp/0521697670
Perman et al., Natural Resource and Environmental Economics, 3rd ed.
Other references
Oates (ed.), The Economics of the Environment
Stavins. 2005. Economics of the Environment: Selected Readings.
“High impact” articles at:
http://en.wikipedia.org/wiki/Journal_of_Environmental_Economics_and_Management#HighImpact_Articles
e.g. Segerson, Uncertainty and Incentives; Kahnemann, Purchase of Moral Satisfaction; Goulder (2);
Stavins; Seldon (on EKC).
McKitrick, Ross. 2011. Economic Analysis of Environmental Policy
http://www.utppublishing.com/Economic-Analysis-of-Environmental-Policy.html
Kolstad, Charles, 2010. Environmental Economics
http://www.amazon.com/Environmental-Economics-Charles-D-Kolstad/dp/0199732647
Course requirements & Grading
Midterms/Presentations
Final Exam
Paper
Paper Critique
Homework and citizenship
25%
20%
35%
10%
10%
Exams: There will be no make-up exam should you miss any of the long exams, regardless of having a
legitimate excuse.
Note that travel plans are not a legitimate excuse for needing to write the midterm or final exam at a
time other than the scheduled date. All excuses require official documentation (details of attending
physician, funeral program, etc.)
Article presentation You are expected to read articles and present some of them in class. Presenting
other research will deepen your understanding of the topic at the same time gives you exposure on how
research is done and presented.
Citizenship: Contributions to the learning community (including class participation, additional
presentations, facilitating availability of course materials, bringing pertinent current articles, websites
etc. to class’s attention. Attendance is crucial for successfully completing this course and students are
expected to complete reading assignments in advance to the class lectures. If you miss a class, it’s your
responsibility to collect necessary information regarding materials covered in class.
Paper
An important part of the course is to work towards a research paper which will be due at the end of
term. This paper is expected to be somewhat original where you identify a problem that is related to the
course and address it using the tools we will discuss as well as material you have been exposed to in
your previous courses. The paper would have the following sections:
2
1. Problem identification: what is the research problem you will study and why is it important? What will
your contribution be relative to the literature?
2. Approach or method: what will you do in the paper and what do you expect to find or test.
3. Data: What data would you collect, from what sources, etc.
4. Analysis: A logical presentation and discussion of your findings.
5. Conclusion: What is the take home message and policy implications? Possible extensions, caveats?
More details about the research paper will follow in the coming weeks. Some students may want to use
this paper to make progress in their senior theses. That is good. However, I do not expect everyone to
do regressions. You can ask a policy question, then collect some secondary data or numbers, and
examine alternative scenarios. It could be in the form of a report you are writing for your Congressional
delegate or your Minister or your boss at work. But it must be well researched, well-articulated, nicely
presented and data-driven. Unless you are a mathematician and can formulate and solve a theoretical
model, which is generally a rare quality among students. A fellow student will be assigned to critique
your paper. You can then turn in a final copy on the day of the exam.
You are strongly encouraged to submit your paper develop for this course at the Philippine Economics
Society Annual Meeting to be held on Nov 13, 2015.
You are also encouraged to do a paper on energy. The Energy Policy and Development Program (EPDP)
support this course. More information about EPDP can be found here:
http://www.upecon.org.ph/epdp/
Feb 6: Tentative proposals due (refer to sample proposal outline).
Feb 6-13: To be confirmed. Schedule an appointment to discuss your proposal
Feb 18: Proposal Presentation
April 29: First draft of Paper – presentation
May 15: Submission of draft final paper to your discussant
May 21 (Monday): Class Conference. PPt presentations can be posted on the day of your
presentation.
May 22: Submission of 2-page critique
May 23: Submission of final paper
Keeping Up: This course moves at a reasonable pace. Make sure that you review the past materials and
do the advance reading of articles we are about to discuss.
Class announcements will be made through our email group account
[email protected]. Make it a habit to check your email regularly.
Preliminary schedule: Students are encouraged to reveal their preferences for topics.
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Da
y
W
F
W
F
Date
Topic
Jan 15
Jan 21
Jan 23
Week 3
W
F
Jan 28
Jan 30
First day (Special Holiday) Pope’s Visit
First day: Intro
Environmental Welfare Economics
And externalities
Environmental Welfare Economics
Sustainable Growth
Topics in optimal and sustainable growth
The bizarre case for strong sustainability
GNNP
Week 4
W
Feb 4
Sustainable Economic Development
F
Feb 6
W
Feb 11
F
Feb 13
Renewable Resources: Fisheries
Tentative proposal due
Renewable Resources: Forest
Into to Climate change, Including REDD
Justice and Welfare Economics (including Coase and Lindahl
Voucher).
W
Feb 18
F
Feb 20
W
F
W
F
W
F
W
F
Feb 25
Feb 27
Mar 4
Mar 6
Mar 11
Mar 13
Mar 18
Mar 20
W
Mar 25
F
W
F
W
F
W
F
W
Mar 27
April 1
April 3
April 8
April 10
April 15
April 17
April 22
Week 1
Week 2
Week 5
Week 6
Week 7
Week 8
Week 9
Week 10
Week 11
Week 12
Week 13
Week 14
Week 15
Proposal Presentation
(Guest commentator: Jim Roumaseet)
Welfare
Win-win environmentalism
Property rights, and institutional design
Water and energy
Watershed conservation and Payments for Ecosystem Services
Risk and Natural Disasters (mathematica can be here)
Risk and Natural Disasters
Nonrenewable Resource Economics and Policy
Nonrenewable Resource Economics and Policy
Ecological Economics, Cost-Benefit Analysis and Measurement
problems
Ecological Economics, Cost-Benefit Analysis and Measurement
problems. (Dr. Ruping Alonzo)
Climate Change
Resource Curse 1
Writing time
Writing time
Writing time
Writing time
Writing time Note: Deadline for dropping subject is April 20
Writing time
4
Week 16
Week 17
F
T
April 24
April 28
9am-12n
3 hrs
Mathematica Lecture (By Dr. Danao)
First draft of paper – student presentation (2 hours)
TH
April 30
9am-12n
3 hrs
Discussion of HW 1
Multiple Nonrenewable Resources and Pollution
Chakravorty and Krulce; Chakravorty, Moreaux and Tidball
M
May 4
9am-12n
3 hrs
Discussion of HW 2
UC: Review of Nonrenewable Resources and HW 1,2 Assignment
on Mathematica
Review Hartwick Chapters 4,5 before coming to Class
Resource Curse, Wars and Conflicts over Minerals
Read Brunnscheiler and Bulte, Science*
This Mine is Mine* Berman
Review these Papers before coming to Class
Management of Water Resources: Chakravorty and Somanathan
HW3 Assignment Groundwater Allocation
Note: Last day for filing LOA is on May 5
T
May 5
9am-12n
3 hrs
Joskow, US Power Sector Deregulation
Davis and Wolfram, Nuclear Power in US
Chakravorty et al, Nuclear Power in the Fuel Mix
HW Discussion
Th
Week 18
Week 19
W
F
W
May 7
9am-12n
3 hrs
Measuring Distributional Impacts of Energy Policies
Bento et al
May 13
May 15
Chakravorty et al
Students Writing time
Students Writing time
May 20
Submission of draft final paper to your discussant
Students prep for the class conference
5
Th
May 21
8:30am12noon
Class conference – Paper presentations
Finals May 22-29
18 weeks; 36 meetings; 54 hours
May 12-20 Project days
May 20 – Class conference
Preliminary Course Outline
Students are encouraged to reveal their preferences for topics (especially areas not already reflected
below) and for readings to be added or downgraded to optional status.
1
I.
Environmental Welfare Economics
A.
Intro and “market failure”
B.
Externalities (Pigouvian, Coasean, and market solutions)
C.
Public goods
D.
Environmental justice
E.
Readings
1.
Welfare Economics and the Minimal Role of Government (course notes)
3.
Coase, “The Problem of Social Cost,” JLE, 10/60 and in both Oates and Stavins.
See also Coase Theorem in the New Palgrave, 2nd ed.
12.
Wiki literature summaries and refs regarding Steven Cheung and the Coase
Theorem.
http://en.wikipedia.org/wiki/Steven_N._S._Cheung (last paragraph before
“Original thinking”) http://en.wikipedia.org/wiki/Coase_theorem (esp.
“Equivalence Version”)
A debreu-scarf version of the coase theorem.pdf
13.
Johansson and R’set, “Apples, Bees, and Contracts: A Coase-Cheung Theorem
for Positive Spillover Effects
14.
R’set “Sharecropping: Theory of Production Externalities”
15.
Debreau Scarf 1963. Limit Theorem on the Core of an Economy
16.
Conley and Smith, Coalitions and Clubs: Tiebout Equilibrium in large economies.
In Demange and Myrna Wooders, Group Formation in Economics: Networks,
Clubs, and Coalitions.*1
http://f3.tiera.ru/2/G_Economics/GA_Game%20Theory/Demange%20G.,%20W
ooders%20M.%20(eds.)%20Group%20formation%20in%20economics%20(CUP,
%202005)(ISBN%200521842719)(O)(494s)_GA_.pdf
17.
McKitrick, ch 1 and section 2.2
II.
Sustainable Growth
A.
Solow 1974 AER The Economics of Resources or the Resources of Economics
B.
Ravago, M.V., J. Roumasset, and A. Balisacan. 2010. “Economic Policy for Sustainable
Development vs. Greedy Growth and Preservationism,” in J. A. Roumasset, K. M. Burnett,
Asterisk denotes optional
6
C.
D.
E.
F.
G.
H.
I.
J.
K.
L.
and A.M. Balisacan (eds.), Sustainability Science for Watershed Landscapes. Singapore:
Institute of Southeast Asian Studies; Los Baños, Philippines: Southeast Asian Regional
Center for Graduate Study and Research in Agriculture.
Ravago, M.V., A. M. Balisacan, and U. Chakravorty. 2014. “The Principles and Practice of
Sustainable Economic Development: Overview and Synthesis,” in A.M Balisacan, U.
Chakravorty, and M.V. Ravago (eds), Sustainable Economic Development: Resources,
Environment and Institutions, Elsevier Academic Press, USA
Burnett, K., L. Endress, M.V. Ravago, J. Roumasset, and C. Wada. 2014. “Islands of
Sustainability in Time and Space,” International Journal of Sustainable Society, Vol. 6, No.
1/2. http://www.inderscience.com/offer.php?id=57887.
Roumasset 1991, Resource Augmented Development
R’set The Yin and Yang of Sustainable Development: Abundance through Scarcity (pdf).
McKitrick, ch 11.
Endress et al., “Sustainable Growth w/ Environmental Spillovers,” JEBO, 2005, available as
WP 02-04. Ancestors include 00-9, “Sustainability w/o Constraints,
http://ideas.repec.org/p/hai/wpaper/200009.html “Is Sustainability Necessary” (xeroxed),
and “Golden Rules for Sustainable Resource Management,”
http://authors.repec.org/research/identified!5c693245.
Barbier, E., 1987. The Concept of Sustainable Economic Development. Environmental
Conservation, 14(2): 101-110*
Sustainable Development in Economics
http://en.wikipedia.org/wiki/Sustainable_development especially section on
“sustainable development in economics”. Compare to Munasinghe Mohan,
Environmental Economics and Sustainable Development, 1993. Skim and note his
triangle.
Anand and Sen, (2000) “Human Development and Economic Sustainability,” World
Development, Vol. 28, No. 12, pp. 2029-2049.
Hartwick, 1977 Intergenerational Equity and the Investing of Rents from
Exhaustible Resources
III.
M.
N.
Arrow al. (2004), “Are We Consuming Too Much,” JEP, v. 18, n. 3, pp. 147-172.
Solow, 1986 “On the Intergenerational Allocation of Natural Resources,” Scandinavian
Journal of Economics, 88(1), 141±149 and "Sustainability, An Economists Perspective,"
in Dorfman and Dorfman, Economics of the Environment, Third Edition, Norton. "The
Economics of Resources or the Resources of Economics," AER, May, 1974, pp. 1-14.
O.
P.
Q.
R.
S.
T.
Solow 1974 AER The Economics of Resources or the Resources of Economics
Endress et al., "Impatience and Intergenerational Equity in a Model of Sustainable Growth,"
Perman, ch. 1-4 & 14.*
Dasgupta 2007. The idea of sustainable Development
Hamilton and Clemens 1999 Genuine Savings Rate
SS readings
Pollution solutions
A.
Command and control vs. emission trading
B.
Emission-trading vs. exposure trading
C.
Readings
7
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
IV.
Kolstad, Chapters 11-17
Porter and van der Linde, Toward a New Conception of the EnvironmentCompetitiveness Relationship, Journal of Economic Perspectives, Fall 1995
Schmalensee and Stavins, The SO2 Allowance Trading System: The Ironic History
of a Grand Policy Experiment, Journal of Economic Perspectives, 2013
Coase, The Problem of Social Cost, Journal of Law and Economics, 1960.
Stavins, Sulfur Market, Journal of Economic Perspectives, 1998.
McKitrick, 3, 4, 7, 8, and 9.
Montgomery (1972), JET, 5, 395-418, and ch. 12 in Oates
Roumasset and Smith, JEEM 1990
Bergstrom (1976), “Regulation of Externalities,” J. Public Econ (v. 5, pp 131-8)*
and “Lindahl Eqlbm and the Law,” (1975, v42, 249-57) and on his web page.
http://www.envecon.net/2005/08/the_following_i.html#more
Weitzman, “Prices and Quantities,” RESTUD, 10/74 and in Oates
Boyd and Conley. 1997. Fundamental Nonconvexities in Arrovian Markets and a
Coasian Solution to the Problem of Externalities. JET. Issue 2: 388-407.
http://ideas.repec.org/a/eee/jetheo/v72y1997i2p388-407.html
Fullerton and Wolverton, “Two Generalizations of a Deposit-Refund System,”
AER, May, 2000
Smith, V. L. 1972. “Dynamics of Waste Accumulation: Disposal Versus
Recycling.” Quarterly Journal of Economics 86: 600-616.
Sandmo on Double Dividend (McKitrick, ch 8).
Fullerton and West. 2002. Can Taxes on Cars and on Gasoline Mimic an
Unavailable Tax on Emissions? Journal of Environmental Economics and
Management 43, 135-157
Stavins and Howitt essays in Choices, 1st quarter, 2005, pp 53-61.
Libecap. 2005. Rescuing Water Markets: Lessons from Owens Valley. PERC
POLICY SERIES ISSUE NUMBER PS-33
Parry, Walls, Harrington. 2007. Automobile Externalities and Policies. JEL. June.
Other refs (not assigned)
1. Baumol and Oates, ch 10 in Oates.
2. Starrett (1974), “Fundamental Non-Convexities the Theory of
Externalities, JET; Starrett(1973), “A Note on Externalities and the Core,”
Econometrica, v. 41, pp 179-83.
3. R. Shadbegian, Gray, W. and C. Morgan (2004). “The 1990 Clean Air Act
Amendments: Who Got Cleaner Air and Who Paid For It?
4. Oates, "Green Taxes" in Southern Economic Journal (Apr 1995).
5. Levinson, A. and M. Scott Taylor, “Unmasking the Pollution Haven Effect”,
International Economic Review, February, 2008, Volume 49-1, 223 – 254.
6. Holtermann, S. Alternative Tax Systems to Correct for Externalities, and
the Efficiency of Paying Compensation, 43 Economica 9 (1976).
Climate Change
A. Symposium on Stern and Critics (Climate economics) REEP, Winter 2009
http://reep.oxfordjournals.org/content/vol3/issue1/index.dtl?etoc
8
Heal, Climate Economics: A Meta-Review and Some Suggestions for Future
Research
2. Murray, Newell and Pizer. Balancing Cost and Emissions Certainty: An Allowance
Reserve for Cap-and-Trade
3. Dietz and Nicholas Stern, On the Timing of Greenhouse Gas Emissions Reductions:
A Final Rejoinder to the Symposium on 'The Economics of Climate Change: The
Stern Review and its Critics'
B. Nordhaus 2008. A Question of Balance (online).
C. Chakravorty et al., Endogenous Substitution Among Energy Resources and Global
Warming. JPE, 1997. http://papers.ssrn.com/Sol3/papers.cfm?abstract_id=46947
C. Chakravorty et al., American Economic Review
D. Roberts American Economic Review,
E. Schatzki, “Options, uncertainty and sunk costs: an empirical analysis of land use change.”
Journal of Environmental Economics and Management 46 (2003) 86–105
F. Lubowski, Plantinga, Stavins, “Land-use change and carbon sinks: econometric
estimation of the carbon sequestration supply function.”Journal of Environmental
Economics and Management 51 (2006) 135–152
1.
V.
Environmental resources (water, soil, and forest)2
A.
Renewable and non-renewables
B
Open access vs. common property
C.
Evolution of common and private property
D.
Readings
Fish – basic models
2. Tietenberg
3. Perman, 14-18.3 (library copy)
4. *Hartwick, Fishery Model, Regulation
5. Conrad
6. Gordon, H. S. "The Economic Theory of a Common Property Resource: The Fishery,"
Journal of Political Economy, April 1954: 124-142.
2
Classics in Resource Economics according to Trudy Cameron: Brown, Gardner, Jr, "An Optimal Program for
Managing Common Property Resources with Congestion Externalities," JPE, ??? pp. 163-173. Brown, Gardner M.
Jr. and B.C. Field, "Impliciations of Alternative Measures of Natural Resource Scarcity," JPE, 86(2) April 1978.
Gordon, H. Scott (1958) "Economics and the Conservation Question," Journal of Law and Economics, October,
110-121. Gordon, H. Scott (1954) "The Economic Theory of a Common Property Resource: The Fishery," JPE,
April, pp. Hotelling, Harold (1931) "The Economics of Exhaustible Resources," JPE, 39(2), April, pp. 137-175.
Krutilla, John V. "Conservation Reconsidered," AER, 1967, pp. 777-786. Nordhaus, W.D. (1974) "Resources as a
Constraint on Economic Growth," AER, 64, May, 22-26. Smith, Vernon L. (1977) "Control Theory Applied to
Natural and Environmental Resources: An Exposition," JEEM 4, pp. 1-24. Smith, Vernon L. (????) "Economics of
Production from Natural Resources," AER, ????, pp. 409-431. Solow, Robert M. (1974) "The Economics of
Resources or the Resources of Economics," AER, May, pp. 1-14.
3
See also
http://books.google.com/books?id=yKm7HJ2nQNoC&pg=PA322&lpg=PA322&dq=royalty+price+%2B+resource+
economics&source=bl&ots=utIqNWFpLz&sig=XBFc4Ly2uEvl5Ll8IyETuvSa1o8&hl=en&ei=lehbSq7vFY_UsQO
1kJWlCg&sa=X&oi=book_result&ct=result&resnum=1
9
Plourde, C. "A Simple Model of Replenishable Natural Resources Exploitation,"
American Economic Review, 60(1970): 518-522.
7. R’set, Fesharaki, Isaac, “Oil Prices w/o OPEC: A Walk on the Supply Side” (handout)
and Chakravorty and R’set,, “Competive Oil Prices and Scarcity Rents when the
Extraction Cost Function is Convex, Resources and Energy, December 1990.
8. Chakravorty, U. and Roumasset, J. (1991), Efficient Spatial Allocation of Irrigation
Water, American Journal of Agricultural Economics, February 1991: pp. 165-173.
9. Krulce, D. Tom Wilson and J. Roumasset, Optimal Management of a Renewable and
Replaceable Resource: The Case of Coastal Groundwater, AJAE, 11/97
10. Pitafi and R’set. 2009. AJAE. Pareto-Improving Water Management over Space and
Time: The Honolulu Case.
http://findarticles.com/p/articles/mi_hb6673/is_1_91/ai_n31312477/
11. Barbier, “The Economics of Soil Erosion: Theory, Methodology and Examples”
http://www.idrc.ca/uploads/user-S/10536145400ACF2B4.pdf
12. Pongijvorasin and R’set, Confuser Surplus (2009, pdf).
13. Pong & Rset, in Sustainability Science text
14. Burnett in Sust Sci text.
Other refs (not assigned)
1. Harrington, ch. 32 in Oates.
2. Plourde, “A Simple Model of Replenishable Natural Resource Exploitation.”
AER 60: 3 (518-22)* and Plourde, 1972, “A Model of Waste Accumulation
and Disposal”
3. McConnell, Kenneth. 1983. “An Economic Model of Soil Conservation.” AJAE
65, n 1: 83-89
4. Barrett, S., Optimal Control of Soil Erosion, ch. 18 in Dasgupta & Maler, v.2.
5. Caputo and J. E. Wilen. 1995. “Optimal Cleanup of Hazardous Wastes.”
International Econ Rev 36: 217-243.
6. Brander, J and S Taylor. 1998. The Simple Economics of Easter Island: A
Ricardo-Malthus Model of Renewable Resource Use. American Economic
Review. 88: 119-138.
7. R’set and Smith R. Interdistrict Water Allocation w/ Conjunctive Use. Water
Resources Update, Jan ‘01
8. Graham-Tomasi, Optimal Depletion of Old-Growth Forests, scanned.
9. *Norms and Common Property Resources, Sethi and Somanathan, American Economic
Review
10. *Population in a Renewable Resource Model, Brander and Taylor,American Economic
Review
11. Elephants, Kramer and Morcom, American Economic Review
12. *Hartwick, Forestry Background
13. *Sheetal Sekhri, Wells, Water, and Welfare: The Impact of Access
toGroundwater on Rural Poverty and Conflict, forthcoming, American
Economic Journal, Applied.
14. Hornbeck and Keskin, The Historically Evolving Impact of the Ogallala
Aquifer: Agricultural Adaptation to Groundwater and Drought, American
Economic Journal, Applied.
10
15.
Fish:
Plourde, “A Simple Model of Replenishable Natural Resource Exploitation.” AER 60: 3 (518-22)*
Gordon, H. S. "The Economic Theory of a Common Property Resource: The Fishery," Journal of Political
Economy, April 1954:
Sethi, R. and E. Somanathan, 1996. The Evolution of Social Norms in Common Property Resource Use, American
Economic Review 86(4), 76-88.
Brander, J and S Taylor. 1998. The Simple Economics of Easter Island: A Ricardo-Malthus Model of
Renewable Resource Use. American Economic Review. 88: 119-138.
Forest:
Amacher G.S., Ollikainen M., Koskela E. (2009). Economics of Forest Resources. MIT Press.
Anderson F.J. (1976). Control Theory and the Optimum Timber Rotation. Forest Science, 22,
242-246.
Hartman R. (1976). The Harvesting Decision when a Standing Forest has a Value. Economic
Inquiry, 14(1), 52-58.
Plantinga A.J., Birdsey R.A. (1994). Optimal forest stand management when benefits are derived
from carbon. Natural Resource Modeling, 8(4), 373–387.
Conrad J. (1999). Resource economics. New York: Cambridger University Press.
Ref review of REDD Paper
Tahvonen, O. & Salo, S., 1999. Optimal forest rotation within situpreferences. Journal of
Environmental Economics and Management, 37 (1), 106-128
Graham-Tomasi, Optimal Depletion of Old-Growth Forests, scanned
Chang S.J. (1983). Rotation Age, Management Intensity, and the Economic Factors of Timber
Production: Do Changes in Stumpage Price, Interest Rate, Regeneration Cost, and Forest
Taxation Matter? Forest Science, 29, 267-277.
Tavoni M., Sohngen B., Bosetti V. (2007). Forestry and the carbon market response to stabilize
climate. Energy Policy, 35(11), 5346-5353.
van Kooten G.C., Binkley C.S., Delcourt G. (1995). Effect of Carbon Taxes and Subsidies on
Optimal Forest Rotation Age and Supply of Carbon Services. American Journal of
Agricultural Economics, 77(2), 365-374.
Deforestation
11
Segerson K., Plantinga A.J., Irwin E.G. (2005). Ch. 6 Theoretical Background. In: Bell K.P.,
Boyle K.J., Rubin J. (eds), Economics of Rural Land-Use Change. Ashgate Publishing
Ltd.
Hartwick J.M., Van Long N., Tian H. (2001). Deforestation and Development in a Small Open
Economy. Journal of Environmental Economics and Management, 41(3), 235-251.
Barbier E.B. (2001). The Economics of Tropical Deforestation and Land Use: An Introduction to
the Special Issue. Land Economics, 77(2), 155.
Antle J., McCarl B. (2002). The Economics of Carbon Sequestration in Agricultural Soils. In:
Tietenberg T., Folmer H. (eds), The International Yearbook of Environmental and
Resource Economics 2002/2003. Massachusetts, USA: Edward Elgar Publishing Inc.
Barbier E.B., Burgess J.C. (1997). The Economics of Tropical Forest Land Use Options. Land
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Angelsen 1999 , Agricultural
expansion and deforestation: modelling
the impact of population, market forces and property rights
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correction. Ecological Economics 61 (1):11-14.
Roseta-Palma, Catarina. 1999. Groundwater Management When Water Quality Is Endogenous.
In FEUNL Working Paper Series 356.
———. 2002. Groundwater Management When Water Quality Is Endogenous. Journal of
Environmental Economics and Management 44 (1):93-105.
Gisser, Micha, and David A. Sánchez. 1980. Competition Versus Optimal Control in
Groundwater Pumping. Water Resources Research 16 (4):638-642.
Chakravorty, U. and Roumasset, J. (1991), Efficient Spatial Allocation of Irrigation Water, American
Journal of Agricultural Economics, February 1991: pp. 165-173.
Sheetal Sekhri, Wells, Water, and Welfare: The Impact of Access toGroundwater on Rural Poverty and
Conflict, forthcoming, American Economic Journal, Applied.
12
VI.
Property rights, and institutional design
A.
Hardin, Tragedy of the Commons, Stavins, ch 2. http://dieoff.org/page95.htm
B.
Copeland, Brian R.; M. Scott Taylor (2009). "Trade, Tragedy, and the Commons".
American Economic Review 99 (3): 725–49.
http://en.wikipedia.org/wiki/Common-pool_resource, Critique.
C.
Clark. 1998. Commons sense: common property rights, efficiency and
institutional change, Journal of Economic History 58 (1998) (1), pp. 73–102.*
D.
Field, "The Evolution of Property Rights", Kyklos, Vol. 42, 1989, pp. 319-345.
E.
Runge, Inclusion, Exclusion, Enclosure
http://ideas.repec.org/a/eee/wdevel/v34y2006i10p1713-1727.html
F.
Copeland and M. Scott Taylor, “Trade, Tragedy and the Commons”, NBER
discussion paper No. 10836, October 2004, forthcoming in the American
Economic Review.
G.
R’set and Tarui, Governing the Resource: Scarcity-Induced Institutional Change
(pdf).
U.
Alston, Review of Anderson & Hill’s, The Not So Wild, Wild West: Property Rights on the
Frontier http://www.independent.org/publications/tir/article.asp?a=552
V.
Shaw on Libecap on Owens Valley www.perc.org/articles/article552.php
J.
Unassigned refs
1. Ostrom (1990), Governing the Commons, chs. 1, 3 (pp. 69-101)
2. Weitzman, M., (1974), Free Access vs. Private Ownership as Alternative
Systems for Managing Common Property, Journal of Economic Theory, 8:
225-234
3. Roumasset and La Croix, The Coevolution of Property Right and Political
Orders: An Illustration from nineteenth-Century Hawaii, in Feeny,
Rethinking Institutional Analysis and Development.
4. R’set, Designing Inst for Effective Forestry Mngmt (electronic).
5. Sethi, R. and E. Somanathan (1996) The Evolution of Social Norms in
Common Property Resource Use. American Economic Review 86(4): 766788.
6. Coevolution – Mkts & Const Order (pdf); see also ch 9 in B&O (electronic)
7. Taylor, S. Buffalo Hunt. AER 2011.
VII.
Ecological Economics, Cost-Benefit Analysis and Measurement problems
A.
McKitrick, ch 2, esp. 2.4.
B.
Kaiser and Roumasset, "Valuation of Nature's Intermediate Products: the Koolau
Forest's Contribution to the Pearl Harbor Aquifer," 1999. http://www.uhero.hawaii.edu/
and/or “Valuing Indirect Ecosystem Services: the Case of Tropical Watersheds,”
Environmental Economics and Development , v7, n4 (2002), 701-14
C.
Diamond and Hausmann, 1994. Contingent Valuation: Is Some Number Better than No
Number? JEP 8(4).
E.
Olson, L.J. and S. Roy. 2002. The Economics of Controlling a Stochastic Biological
Invasion, American Journal of Agicultural Economics (Proceedings), 84(5), 1311-1316.
Olson, L.J. and S. Roy. 2005. On Prevention and Control of an Uncertain Biological
Invasion, Review of Agricultural Economics (Proceedings), 27(3), 491-497. Olson, L.J.
2006. The Economics of Terrestrial Invasive Species: A Review of the Literature.
Agricultural and Resource Economics Review, 35(1), 178-194.
13
F.
G.
W.
X.
Y.
Z.
AA.
BB.
VIII.
Burnett et al. (2008). Optimal Prevention and Control of Brown Treesnakes in Hawaii.
Ecological Economics. 6 7 ( 2 0 0 8 ) 6 6 – 7 4. The Economics of Invasive Species:
Lessons from Hawaii (ppt). Livingston and Osteen, “Integrated Invasive Species
Prevention and Control Policies” www.ers.usda.gov/Publications/EB11/EB11.pdf and
TNC, “Stop the Silent Invasion”
www.hawaiiinvasivespecies.org/cgaps/pdfs/silentinvasion2003flyer.pdf
http://www.hawaiiinvasivespecies.org/cgaps/pdfs/silentinvasion2003insert1.pdf
http://the.honoluluadvertiser.com/article/2003/May/04/op/op05a.html
R’set, Burnett, Wang. 2007. Is China’s Growth Sustainable?
http://www.economics.hawaii.edu/research/workingpapers/WP_07-23.pdf
Kahneman and Knetsch, Valuing Public Goods: The Purchase of Moral Satisfaction, JEEM
http://ideas.repec.org/a/eee/jeeman/v22y1992i1p57-70.html
Chs 2, 3, and concluding chapter of Sustainability Science for Watershed Landscapes.
Richard T. Carson, Nicholas E. Flores and Norman F. Meade (2001), ‘Contingent
Valuation: Controversies and Evidence’
Trudy Ann Cameron (2010), ‘Euthanizing the Value of a Statistical Life’
David Pearce (2007), Do We Really Care About Biodiversity?
Other refs (not assigned)
1. Pearce and Moran, Economic Value of Biodiversity, 1994 and Pagiola et. al.
(2004), How much is an ecosystem worth?,” Go to
http://www.biodiversityeconomics.org/library/index.html and use the key
word search function.
2. Vincent, Jeffrey, "Economic Depreciation of Timber Resources: Direct and
Indirect Estimation Methods", Harvard Institute for International
Development, June 1997, 13pp.
http://www.hiid.harvard.edu/pub/pdfs/585.pdf
3. Weitzman, “On Diversity,” QJE, 102:363–405, 1992.
4. Montgomery et al., “Pricing Biodiversity,” Journal of Environmental
Economics and Management 38, 1]19 1999
5. McFadden’s advances in CV methods
(http://emlab.berkeley.edu/users/mcfadden/dlmcv10.html )
6. Nordhaus et al., Nature’s Numbers.
7. John A. List (2002), ‘Preference Reversals of a Different Kind: The “More is
Less” Phenomenon’
8. Perman, part III.
Natural Disasters
A. EMMANUEL SKOUFIAS, 2003. “Economic Crises and Natural Disasters: Coping Strategies and
Policy Implications,” World Development Vol. 31, No. 7, pp. 1087–1102, 2003
B. Olivier Mahul and Brian D. Wright. 2004. “Implications of Incomplete Performance for Optimal
Insurance,” Economica, Vol. 71, No. 284 (Nov., 2004), pp. 661-670
C. GAURAV DATT and HANS HOOGEVEEN. 2003. “El Nin~o or El Peso? Crisis, Poverty and Income
Distribution in the Philippines,”World Development Vol. 31, No. 7, pp. 1103–1124
D. JOHN HODDINOTT and BILL KINSEY. 2003. “Ex-Ante Actions and Ex-Post Public Responses to
14
E.
F.
G.
H.
I.
IX.
Drought Shocks: Evidence and Simulations from Zimbabwe,” World Development Vol. 31, No. 7,
pp. 1239–1255.
Sisira. Asian Tsunami
http://www.adbi.org/files/2010.12.17.book.asian.tsunami.aid.reconstruction.pdf
Alexander, D. 2013. “Resilience and disaster risk reduction: An etymological journey,” Nat.
Hazards Earth Syst. Sci., 13:2707–2716.
Kelman, I. and C.M. Shreve (ed.). 2013. Disaster Mitigation Saves. Version 12, 13 June 2013
(Version 1 was 30 October 2002). Downloaded from
http://www.ilankelman.org/miscellany/MitigationSaves.doc
Skidmore, M. and H. Toya. 2002. “Do Natural Disasters Promote Long-Run Growth?,”
Economic Inquiry, 40(4):664-687.
Wright,B. 2014b. “The Role of Agricultural Economists in Sustaining Bad Programs,” in
A.M Balisacan, U. Chakravorty, and M.V. Ravago (eds), Sustainable Economic
Development: Resources, Environment and Institutions, Elsevier Academic Press, USA
Win-win environmentalism
A.
Endress and Roumasset, “The Yin and Yang of Sustainable Development: The Case for
Win-Win Environmentalism,” in Asia-Pacific Economy, v. 1, n. 2.
B.
Pongkijvorasin et al., “Pricing resource extraction with externalities: the case of indirect
stock to-stock effects.” 2009.
C.
Krautkraemer, J., (1994), “Population growth, soil fertility, and agricultural
intensification,” J. Dev. Econ., 44, 403-428; and ReStud ’85 on Optimal Growth and
Preservation. Key graph in R’set, "Agricultural Growth and Population Change," in New
Palgrave Dictionary of Economics, 2nd edition.
http://ideas.repec.org/p/hai/wpaper/200702.html
F.
Roumasset, “Population and Agricultural Development,” The New Palgrave Dictionary of
Economics, 2007. http://ideas.repec.org/p/hai/wpaper/200702.html
G.
Wagner on green NNP http://www.env-econ.net/2005/07/from_the_answer_1.html
and http://gwagner.net/work/040409Fixing_GDP.html .*
H.
Copeland and Taylor, Trade, Growth and the Environment, JEL, 2004 and NBER WP
2003.
I.
Dasgupta et al., Confronting the Environmental Kuznets Curve,” Ch 20 in Stavins,
Economics of the Environment: Selected Readings.
CC.
Nordhaus et. al., Nature’s Numbers, Appendix A.
DD.
Other refs (not assigned)
1.
Wagner on green NNP http://www.envecon.net/2005/07/from_the_answer_1.html and
http://gwagner.net/work/040409Fixing_GDP.html
2.
Pearce and Moran, Economic Value of Biodiversity, 1994 and Pagiola et. al.
(2004), How much is an ecosystem worth?,” Go to
http://www.biodiversityeconomics.org/library/index.html and use the key word
search function.
2.
Hartwick, J.M. (1990), Natural Resources, National Accounting and Economic
Depreciation, Journal of Public Economics, 43:291-304.
15
3.
4.
5.
6.
7.
8.
9.
10.
11.
X.
Das gupta, P. &Maler, K. (1993), Poverty, Institutions, and the EnvironmentalResource Base, for Behrman & Srinivasan (eds), Handbook of Development
Economics, Vol 3.
Dasgupta, Sustainable Economic Development in the World of Today's Poor,
Population, Resources, and Welfare: An Exploration into Reproductive and
Environmental Externalities,* and Evaluating Projects and Assessing Sustainable
Development in Imperfect Economies,* all at
www.econ.cam.ac.uk/faculty/dasgupta
Brock, W. and M.S. Taylor (June, 2004), “The Green Solow Model,” NBER WP
10557, http://www.nber.org/papers/w10557
Weitzman, 1999. Pricing the Limits to Growth from Minerals Depletion., QJE,
114(2): 691-706.
R’set, Review of Opschoor et. al., Environmental Economics and Development,
Edward Elgar, 1999.
M. Hammig , “Institutions and the Environmental Kuznets Curve for
Deforestation: A Crosscountry Analysis for Latin America, Africa and Asia,”
World Development, June, 2001, pp 995-1010*
Dasgupta, P. &Maler, K. (1993), Poverty, Institutions, and the EnvironmentalResource Base, in Behrman & Srinivasan (eds), Handbook of Development
Economics, Vol 3*
Pender, John, “Pop growth, ag intensification, induced innovation, and resource
sustainability,” Ag Econ, 19, (1998), 99-112.
Deacon on within-country EKCs
http://repositories.cdlib.org/cgi/viewcontent.cgi?article=1182&context=ucsbec
on
Energy, Global Warming, Growth, and International Cooperation
A.
Nordhaus, ch 22 in Stavins
B.
Chakravorty et.al., JPE Dec. 1997
http:// papers.ssrn.com/Sol3/papers.cfm?abstract_id=46947
C.
Barrett, ch. 21 in Stavins
D.
Nordhaus and Weitzman on the Stern Report, JEL, Sept 2007. Also Dasgupta (see his
webpage.
scienceandpublicpolicy.org/other/nature_not_human_activity_rules_the_climate.html
F.
07-11 Nori Tarui, Charles Mason, Stephen Polasky, Greg Ellis. Cooperation in the
Commons with Unobservable Actions
G.
Aldy and Stavins, pp. 343-367.
Unassigned refs
1. Nordhaus, W. (1992), An Optimal Transition Path for Controlling Green House
Gases, Science, Vol 258:20 November
2. Cline, The Economics of Global Warming
3. Falk, I., and R. Mendelsohn. 1993. “The Economics of Controlling Stock Pollutants:
An Efficient Solution for Greenhouse Gases.” Journal of Environmental Economics
and Management 25: 76-88
4. Latest Nordhaus book (see his webpage)
5. Nature, Not Human Activity, Rules the Climate
16
XI.
Energy Access and Poverty
1. US Biofuel Regulation: Food Prices and Poverty
2. Chakravorty, Hubert and Ural Marchand, Biofuels and Poverty, 2014
3. Chakravorty and Pelli, “Does the Quality of Electricity Matter?” Ideas for India, 2014.
4. *Foster and Rosenzweig, Economics Growth and the Rise of Forests, Quarterly Journal of
Economics, 2003.
XII.
Resource Curse, Wars and Conflicts over Minerals
1. *Brunnschweiler and Bulte, Linking Natural Resources to Slow Growth and More
Conflict, Science, 2008
2. Brunnschweiler and Bulte, The resource curse revisited and revised: A tale of
paradoxes and red herrings, JEEM, 2008
3. *Berman, et al, This Mine is Mine! How Minerals Fuel Conflicts in Africa, Mimeo, 2014
4. Ravago, M.V. and J. Roumasset. 2014. “Public Choice and the Generalized Resource
Curse,” in A.M Balisacan, U. Chakravorty, and M.V. Ravago (eds), Sustainable Economic
Development: Resources, Environment and Institutions, Elsevier Academic Press, USA
5. Caselli, Morelli and Rohner, The Geography of Interstate Resource Wars, Mimeo, 2014
6. Francesco Caselli, Massimo Morelli, Dominic Rohner, Asymmetric oil: Fuel for conflict,
Vox 19 July 2013
7. Sachs and Warner, Natural Resource Abundance, 1997
XIII.
Health and the environment
A. Roumasset and Smith, JEEM 1990
B. Valuing the health effects of air pollution
C. Exchange rates for different pollutants
D. Michael Greenstone, “Winter Heating or Clean Air? Unintended Impacts of
China’s Huai River Policy,” American Economic Review Papers and
Proceedings, 2009, 99(2): 184-190.
XIV.
Trade and the Environment
A.
Bhagwati, J. (1993), AThe Case for Free Trade, Scientific American, November: 42-49*
B.
Antweiler, Copeland and Taylor, Is Free Trade Good for the Environment, AER 2001.
http://www.nber.org/papers/w6707
C.
Polasky et. al., (2003), “On Trade, Land-Use and Biodiversity,” search at
http://www.biodiversityeconomics.org/library/index.html
D.
Copeland and Taylor (July, 2003), “Trade, Growth and the Environment” NBER WP and
JEL 2004
E.
Copeland, B. and M. Scott Taylor, “Free Trade and Global Warming: A Trade Theory
View of the Kyoto Protocol,” Vol. 49, No. 2, (March 2005), Journal of Environmental
Economics and Management, 205-234.
F.
McKitrick, 10
Valuation
17
•
•
•
•
•
•
Tietenberg, Tom and Lynne Lewis (2012) Environmental and Natural Resource Economics, 9th
Edition, Pearson.
Diamond, P. A. and J. A. Hausman (1994). "Contingent Valuation: Is Some Number better than
No Number?" The Journal of Economic Perspectives 8(4): 45-64.
Hahn, R. W. (2000). "The Impact of Economics on Environmental Policy." Journal of
Environmental Economics and Management 39(3): 375-399.
Pearce, D. and M. Saggof. “Should a Price Be Put on the Goods and Services Provided by the
World's Ecosystems?” A debate
Moore
18