Content
Updated syllabus is HERE!
The course will cover the fundamental problems and methods in environmental economics: Market failures, the Coase theorem, policy instruments, pollution permit trading, cost-benefit analyses, integrated assessment models, trade and the environment, international environmental problems, international agreements, climate change, deforestation, and REDD contracts.
Professors
Christian Traeger will teach three classes (week 4-6) and B?rd Harstad will teach the rest.
Main Book
Perman, R. et al., Natural Resources and Environmental Economics, 2011. Harlow: Pearson. ISBN: 9780321417534, fourth edition. The book is very comprehensive, and is used as a book of reference. Main focus will be on the chapters 4, 5, 6, 7, 9, 10, 11 and 13.
? Online appendices available here: http://personal.strath.ac.uk/r.perman/appendices.htm
? Note: The book is very comprehensive, and is used as a book of reference. Main focus will be on the chapters 4, 5, 6, 7, 9, 10, 11 and 13.
Lecture notes
Note: Main syllabus is the lectures, the lecture notes (which will be posted before the classes) and the seminars. The articles and the books are meant as support.
@ = material found online
Articles
@ Barrett, S., The theory of international environmental agreements, in Maler, K. G. and Vincent, J., (eds.), Handbook of Environmental Economics, 2005. Burlington: Elsevier Science, ISBN: 9786610633760
@ Coase, R. H., The problem of social cost, 2016. The Journal of Law & Economics, 56(4): 837-877.
@ Golombek, R., Hagem, C., and Hoel, M., Efficient incomplete international climate agreements, 1995. Resource and Energy Economics, 17(1): 25-46.
@ Harstad, B., Buy coal! A case for supply-side environmental policy, 2012. Journal of Political Economy, 120(1): 7-115.
@ Karp, L., Global warming and hyperbolic discounting, 2005. Journal of Public Economics, 89(2): 261-282.
@ Montgomery, W., Markets in licenses and efficient pollution control programs, 1972. Journal of Economic Theory, 5(3): 395-418.
@ Newell, R. G., Pizer, W. A., and Raimi, D., Carbon Markets 15 Years after Kyoto: Lessons Learned, New Challenges, 2013. Journal of Economic Perspectives, 27(1): 123-146.
@ Oates, W. E. and Schwab, R. M., Economic competition among jurisdictions: efficiency enhancing or distortion inducing?, 1988. Journal of Public Economics, 35(3): 333-354.
@ Sandmo, A. Optimal Taxation in the Presence of Externalities, 1975. The Swedish Journal of Economics, 77(1): 86-98.
@ Schmalensee, R. and Stavins, R. N., The SO2 Allowance Trading System: The Ironic History of a Grand Policy Experiment, 2013. Journal of Economic Perspectives, 27(1): @ 103-122.
@ Weitzman, M. L., Prices vs. quantities, 1974. The Review of Economic Studies, 41(4): 477–491.
@ Weitzman, M. L., Why the Far-Distant Future Should Be Discounted at Its Lowest Possible Rate, 1998. Journal of Environmental Economics and Management, 36(3): 201-208.