Phillip LeBel

Environmental Economics

As posted on the syllabus, this course contains weblinks to datasets, application modules, classroom case studies, and electronic reserve readings. These web-based materials are listed below.

Environmental Economics Syllabus

Econ704 Environmental Economics

 Course Reserve Readings

Acemoglu, Daron and Thierry Verdier (2000).  "The Choice Between Market Failures and Corruption," American Economic Review, 90:1 (March), 194-211.

Ackerman, Frank and Elizabeth Stanton (2006).  "Climate Change – the Costs of Inaction," (Medford, Mass.: Tufts University Global Development and Environment Institute).

Bator, Francis M. (1958), “Anatomy of Market Failure,” Journal of Political Economy, 72:3 (August), 351-379.

Bojö, J., J. Mucknall, K. Hamilton, N. Kishor, C. Kraus, and P. Pillai (2001).  "Environment", Draft Framework for Environmental Policy.  (Washington, D.C.:  The World Bank).

Borenstein, Severin, James Bushnell, and Frank Wolak (2001).  "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," paper presented at the ASSA conference in Atlanta, Georgia (January).

Coase, Ronald H (1937), “The Nature of the Firm,” Economica, New Series 4:16 (November), 386-405.

Coase, Ronald H. (1960),  “The Problem of Social Cost”, Journal of Law and Economics  (October).

Dasgupta, Partha (2006).  "Comments on the Stern Review's Economics of Climate Change",  (London, U.K.:  Royal Society Foundation for Science and Technology).

Easterbrook, Gregg (2007).  "Global Warming:  Who Loses-And Who Wins?", The Atlantic Monthly (April), 1-8.

Federal Trade Commission (1973).  “The Petroleum Industry:  Structure and Conduct”, in Mansfield, Microeconomics Readings, (326-341).

Golan, Elise, Fred Kuchler, and Lorraine Mitchell (2000).  "Economics of Food Labeling".  (Washington, D.C.:  Economic Research Service, U.S. Department of Agriculture, Agricultural Economic Report No. 793).

Goodland, Robert (1995). "The Concept of Environmental Sustainability," Annual Review of Ecology and Systematics, 26, 1-24.

Gylfason, Thorvaldur, and Martin L. Weitzman (2003).  "Icelandic Fisheries Management:  Fees vs. Quotas," Conference paper, Iceland and the World Economy: Small Island Economies in the Era of Globalization.  (Cambridge, Mass.:  Harvard University Center for International Development).

Krautkraemer, Jeffrey A. (1998).  "Nonrenewable Resource Scarcity," Journal of Economic Literature, 36:4 (December), pp. 2065-2107.

Lareau, Thomas J. and Douglas A. Rae (1989), "Valuing WTP for Diesel Odor Reductions: An Application of Contingent Ranking Technique," Southern Economic Journal 55:3, 728-742.

LeBel, P. (2005).  "Optimal Pricing of Biodiverse Natural Resources for Sustainable Economic Growth," Journal of Development Alternatives, 24:1-2 (March-June), 5-38.

LeBel, P. (1999), "Measuring Sustainable Economic Development in Africa," Scandinavian Journal of Development Alternatives, 18:2-3 (June-September), 265-282.

Lovins, Amory, L. Hunter Lovins, and Paul Hawken (1999).  "A Road Map for Natural Capitalism," Harvard Business Review, (May-June), 146-158.

Newell, Richard G., James N. Sanchirico, and Suzi Kerr (2002).  "Fishing Quota Markets," Discussion Paper 02-20.  (Washington, D.C.:  Resources for the Future).

Nordhaus, William (2006), "The Stern Review on the Economics of Climate Change," (November).

Porter, Robert H. (1995),  “The Role of Information in U.S. Offshore Oil and Gas Lease Auctions”.  Econometrica 63:1 (January), pp. 1-28.

Stern, Nicholas (2006), Review of Climate Change Science, (London, U.K.:  Royal Society Foundation for Science and Technology).

      Stern Review Part 1 –      Study Approach

      Stern Review Part 2 –      Impacts on Growth and Development

      Stern Review Part 3 –      Stabilization Economics

      Stern Review Part 4 –      Policy Mitigation Responses

      Stern Review Part 5 –      Policy Responses for Adaptation

      Stern Review Part 6 –      International Collective Action

      Stern Review Charts -      Stern Review Charts

Tietenberg, Tom (2003).  "The Tradable-Permits Approach to Protecting the Commons:  Lessons for Climate Change," Oxford Review of Economic Policy, 19:3, 400-420.

UNCTAD (1998).  Greenhouse Gas Emissions Trading:  Defining the Principles, Modalities, Rules and Guidelines for Verification,  Reporting and Accountability, (Geneva, Switzerland:  UNCTAD).

Varian, Hal R. (2006).  "Recalculating the Costs of Global Climate Change," The New York Times, November 14, 2006.

____________.  "Climate of Opinion," The Wall Street Journal, February 5, 2007.

World Meterological Organization, United Nations Environmental Programme, Intergovernmental Panel on Climate Change,  "Climate Change 2007:  Impacts, Adaptation and Vulnerability".  (Brussels, Belgium:  IPCC Working Group II). 

Internet Sources:

Ecological Economics Resources:

            http://www.ecoeco.org

Environmental Economics Resources:

            http://www.aere.org/

Intergovernmental Panel on Climate Change (IPCC):

            http://www.ipcc.ch/pub/online.htm

Japan Recycling Statistics:

            http://web-japan.org/stat/stats/19EN51.html

Nature Conservancy:

            http://nature.org/aboutus/

The Forest Stewardship Council:

            http://www.fsc.org/fsc

U.S. Department of Energy Renewable Energy Annual Report (REA):             http://www.eia.doe.gov/cneaf/solar.renewables/page/pubs.html/

U.S. Department of the Interior Minerals Yearbook:

            http://minerals.usgs.gov/minerals/pubs/

U.S. Energy Recycling Statistics:

            http://www.epa.gov/epaoswer/non-hw/muncpl/facts.htm/

U.S. Environmental Protection Agency National Ambient Air-Quality Standards:

            http://www.epa.gov/air/criteria.html

U.S. Environmental Protection Agency Air Quality Emissions Trends:

            http://www.epa.gov/airtrends/sixpoll.html

U.S. Environmental Protection Agency Acid Rain Trends:

         http://www.epa.gov/docs/acidrain/update3/allws.html

Datasets
1.
 Africa Data
2.
 Agricultural Subsidies
3.
 Bills, Bonds, Stocks, Inflation
4.
 Chesapeake Bay Marine Harvests
5.
 International Clean Water Access Rates, 1980-2005
6.
 Energy - Crude Oil Prices
7.
 Energy Efficiency
8.
 Energy Markets
9.
 Energy Resources
10.
 Global Climate Indicators
11.
 Global Energy Intensity
12.
 Global Temperatures
13.
 Globalization Trends
14.
 Human Development Index 1998
15.
 Human Development Index 2001
16.
 Human Development Index 2004
17.
 Risk and Economic Growth
18.
 Risk Perception Rankings
19.
 Stock Market Bubbles
20.
 Do Types of Taxation Affect Real Per Capita GDP?
21.
 Tax Havens
22.
 U.S. Agriculture
23.
 U.S. Carbon Dioxide Emissions
24.
 U.S. Carbon Dioxide Intensity
25.
 U.S. High-Level Nuclear Waste
26.
 U.S. Low-Level Nuclear Waste
27.
 U.S. Municipal Solid Waste
28.
 U.S. Superfund Sites
29.
 Water and Economic Growth
30.
 World Air Passenger Travel Trends
31.
 World Bicycle Production
32.
 World Biofuels Production
33.
 World Fish Consumption
34.
 World Fossil Fuel Consumption
35.
 World Grain Production
36.
 World Meat Production
37.
 World Metals Production
38.
 World Nuclear and Renewable Energy
39.
 World Roundwood Production
40.
 World Vehicle Production
41.
 World Wars and Armed Conflicts
42.
 World Weather Losses

Application Modules
1.
 Am Djena Project Case Study
2.
 AmDjenaLoanSolution
3.
 Basic Cost Benefit Analysis
4.
 Basic Forecasting
5.
 Biodiversity Index
5.
 Chaos in Asset Pricing
6.
 Circular Flow Diagram
7.
 Cobb Douglas Production Function
8.
 Commodity Price Stabilization
9.
 Cost Analysis
10.
 Cost Curve Relationships
11.
 Efficient Portfolios
12.
 Engel Curves
13.
 Excise Taxation
14.
 Excise Tax Criteria
15.
 Excise Tax Optimization
16.
 Exhaustible Resource MultiPeriod Model
17.
 Externalities
18.
 Externalities Optimal Management Model
19.
 Fundamentals of Finance
20.
 Income Inequality Measurement
21.
 Introductory Price Elasticity
22.
 Leontief Basic Static Input-Output Model
23.
 Marginal Productivity
24.
 Matrix Operations
25.
 Millet Mill Solution Tableau
26.
 Optimal Allocation of Renewable Natural Resources
27.
 Optimal Investment Storage
28.
 Optimal Resource Pricing
29.
 Optimal Taxation of Negative Externalities
30.
 Price Discrimination and Economic Efficiency
31.
 Random Demand Profit Maxima
32.
 Regression Demand and Supply
33.
 Renewable Natural Resources Single Species Dynamics
33.
 Supply and Demand
34.
 Tariffs and Quotas in International Trade
35.
 The Basic Stock Option Pricing Model
36.
 The Cobweb Model
37.
 The Law of Variable Proportions
38.
 The Measurement of Risk
39.
 Thermodynamics and Exhaustible Resource Transition Dynamics
40.
 The Ranking of Risk
41.
 Tradable Pollution Permits
42.
 Tropical Timber Model

Case Studies
1.
 Basic Supply and Demand
2.
 Engel Curve Income Elasticity of Demand
3.
 Excise Taxation Case Study
4.
 The Basic Harrod Domar Model
5.
 Basic Economic Efficiency
6.
 Basic Market Dynamics
7.
 Competition versus Monopoly
8.
 Income Distribution
9.
 The Cournot Duopoly Model
10.
 Optimal Excise Taxation
11.
 Commodity Price Stabilization
12.
 Profit Maximization under Risk
13.
 Optimal Pricing of Exhaustible Resources V.1
14.
 Externalities Case Study
15.
 The Leontief Static Input-Output Model
16.
 Static Natural Resource Optimization
17.
 Renewable Natural Resource Optimization
18.
19.
20.
21.
22.

 Current Articles

N. Greg Mankiw

Myron Scholes
 "Risk Management Interview"
Nicholas Stern
 "Debating Next Steps for Climate Finance" IMF, (2010)
Mark Scott
 "Europe's Carbon-Trading Pioneers", BW, 2008/04/28
 

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