Phillip LeBel

Environmental and Natural Resource 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

Econ415 Environmental and Natural Resource 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).

Carson, Richard (2004). "Contingent Valuation," in Handbook of Environmental Economics. (Elsevier: Amsterdam North-Holland), chapter 17, 821-936

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).

Ehrlich, Paul R. and Anne H. Ehrlich (2009) "The Population Bomb Revisited," The Electronic Journal of Sustainable Development, 1:3, 1-9.

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.

McFadden, Daniel (1994). "Contingent Valuation and Social Choice," American Journal of Agricultural Economics 76:4 (November), 689-708

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).

Nuclear Regulatory Commission (2011). "Nuclear Insurance and Disaster Relief Funds - Price-Anderson Act".

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 Population 1950-2020
13.
 Global Temperatures
14.
 Globalization Trends
15.
 Human Development Index 1998
16.
 Human Development Index 2001
17.
 Human Development Index 2004
18.
 Risk and Economic Growth
19.
 Risk Perception Rankings
20.
 Stock Market Bubbles
21.
 Do Types of Taxation Affect Real Per Capita GDP?
22.
 Tax Havens
23.
 U.S. Agriculture
24.
 U.S. Carbon Dioxide Emissions
25.
 U.S. Carbon Dioxide Intensity
26.
 U.S. High-Level Nuclear Waste
27.
 U.S. Low-Level Nuclear Waste
28.
 U.S. Municipal Solid Waste
29.
 U.S. Superfund Sites
30.
 Water and Economic Growth
31.
 World Air Passenger Travel Trends
32.
 World Bicycle Production
33.
 World Biofuels Production
34.
 World Fish Consumption
35.
 World Fossil Fuel Consumption
36.
 World Grain Production
37.
 World Meat Production
38.
 World Metals Production
39.
 World Nuclear and Renewable Energy
40.
 World Roundwood Production
41.
 World Vehicle Production
42.
 World Wars and Armed Conflicts
43.
 World Weather Losses

Application Modules
1.
 Am Djena Project Case Study
2.
 AmDjenaLoanSolution
3.
 Basic Cost Benefit Analysis
4.
 Basic Forecasting
5.
 Basic Supply and Demand - Energy and Environmental Pollution
6.
 Biodiversity Index
7.
 Chaos in Asset Pricing
8.
 Circular Flow Diagram
9.
 Cobb Douglas Production Function
10.
 Commodity Price Stabilization
11.
 Contingent Valuation Methodology
12.
 Cost Analysis
13.
 Cost Curve Relationships
14.
 Efficient Portfolios
15.
 Engel Curves
16.
 Excise Taxation
17.
 Excise Tax Criteria
18.
 Excise Tax Optimization
19.
 Exhaustible Resource MultiPeriod Model
20.
 Externalities
21.
 Externalities Optimal Management Model
22.
 Fundamentals of Finance
23.
 Income Inequality Measurement
24.
 Introductory Price Elasticity
25.
 Leontief Basic Static Input-Output Model
26.
 Marginal Productivity
27.
 Matrix Operations
28.
 Millet Mill Solution Tableau
29.
 Optimal Allocation of Renewable Natural Resources
30.
 Optimal Investment Storage
31.
 Optimal Resource Pricing
32.
 Optimal Taxation of Negative Externalities
33.
 Polynomial Ambiguity in Project Evaluation
34.
 Price Discrimination and Economic Efficiency
35.
 Random Demand Profit Maxima
36.
 Regression Demand and Supply
37.
 Renewable Natural Resources Single Species Dynamics
38.
 Supply and Demand
39.
 Tariffs and Quotas in International Trade
40.
 The Basic Stock Option Pricing Model
41.
 The Cobweb Model
42.
 The Law of Variable Proportions
43.
 The Measurement of Risk
44.
 Thermodynamics and Exhaustible Resource Transition Dynamics
45.
 The Ranking of Risk
46.
 Tradable Pollution Permits
47.
 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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