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ECON 460: |
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| Summer 2012 | Office Hours: Mondays 12:30PM - 1:20PM |
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ECON 460: |
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| Summer 2012 | Office Hours: Mondays 12:30PM - 1:20PM |
Return to Home Page |
(This is an excellent Survey of current issues and topics in Environmental Economics)
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20% | |||
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5% | |||
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25% | Example of a Term Paper | ||
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50% |
Homework Assignments
| Problem Sets | Due Date | Written Assignments | Due Date | Answer Keys and suppliments |
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| Monday May 14 | Thurs May 24 | Key for Problem 1 | ||
| Monday June 11 | Thurs June 21 (email) | |||
| Midterm Study Key | Answers to selected questions from Kolstad Text |
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| Final Exam Study Question |
Term Paper guidelines
The paper for this course is to be a literature review. This means summarizing a group of papers in the field of environmental economics. Further, you must tie the papers together under some common theme. The literature review will identify the contribution each paper makes in the field. In some cases one paper may be an extension of another paper in the review; in other cases, two papers may offer a differing view. To give you some structure, the following conditions must be met: A minimum of three papers from the course reading list, but NOT assigned for homework or exams, Specifically the following are not valid for the review:
Topic |
Kolstad |
Articles (TBA) |
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| 1 | The Role of Government and Social Choice |
CH 1, 2 and 3. |
Cropper and Oates Survey Article Parts I & II (pp 675-685) |
| 2 | Efficiency and Markets |
CH 4 |
Cropper and Oates Survey Article Part IV, sect A, B,C |
| 3 | Market Failure and Externalities |
CH 5 |
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| & Benefit Cost Analysis | CH 6 |
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| 4 | Environmental Demand Theory | CH 7, 8 | Cropper and Oates Survey Article Part IV |
| 5 | Regulating Pollution |
CH 11 |
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| 6 | Pigovian Taxes |
CH 12 |
(Read only sections I to V; up to page 1190 only) |
| 7 | CAC, Emission fees, Marketable permits |
CH 12 |
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| 8 | Property Rights | CH 13 |
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| 9 | More on Marketable permits: Cap and trade |
CH 14 |
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| 10 | Regulation with Unkown Controls |
CH 15 |
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| 11 | Risk, uncertainty and Moral Hazard |
CH 16 |
JQE, 90, 1976 Wainwright, K |
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Defensive Ependitures |
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Contingent Valuation |
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| Readings by Topic Category |
| Externalities & Property Rights |
. The Exchange and Enforcement of Property Rights Harold Demsetz Journal of Law and Economics, Vol. 7, (Oct., 1964), pp. 11-26
Some Aspects of Property Rights Harold Demsetz Journal of Law and Economics, Vol. 9, (Oct., 1966), pp. 61-70
The Transferability and Depletability of Externalities PETER J. W. N. BIRD JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 14, 54-57 (1987)
COMMENTS One More Externality Article HENRY M. PESKIN JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 15, 380-381 (1988) . One More Externality Article: Reply PETER J. W. N. BIRD JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 15, 382-383 (1988)
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| Pigouvian Taxes | External Diseconomies, Corrective Taxes, and Market Structure James M. Buchanan The American Economic Review, Vol. 59, No. 1, (1969), pp. 174-177 Required: An alternative approach to the analysis of taxation Barzel, Y JPE, 84, 1976 Recommended: Depletable Externalities and Pigouvian Taxation A. MYRICK FREEMAN III JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 11,173-179 (1984) Pigovian Taxes Which Work in the Small-Number Case DONALD WITTMAN JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 12, 144-154 (1985) Recommended: The Use of Standards and Prices for Protection of the Environment William J. Baumol and Wallace E. Oates The Swedish Journal of Economics, Vol. 73, No. 1, Environmental Economics, (Mar.,1971), pp. 42-54 |
Uncertainty |
Required Environmental Regulation, Asymmetric Information, and Moral Hazard Wainwright, K discussion paper Martin L. Weitzman The Review of Economic Studies, Vol. 41, No. 4, (Oct., 1974), pp. 477-491 Recommended: Uncertainty and the Choice of Pollution Control Instruments ZVI ADAR AND JAMES M. GRIFFIN JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 3, 178-188 (1976) Recommended: Emission Control Policies under Uncertainty GIDEON FISHELSON JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 3, 189-197 (1976)
Required: |
| Marketable Permits | Marketable Pollution Permits and Acid Rain Externalities Efficiency in Pollution Control in the Short and Long Runs: A System of Rental Emission Robert A. Collinge and Wallace E. Oates The Canadian Journal of Economics, Vol. 15, No. 2, (May, 1982), pp. 346-354
Required: On Marketable Air-Pollution Permits: The Case for a System of Pollution Offsets ALAN J. KRUPNICK, WALLACE E. OATES AND ERICVANDEVERG JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 10,233-247 (1983)
Required: Marketable Permits for the Prevention of Environmental Deterioration ALBERT M. MCGARTLAND AND WALLACE E. OATES JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 12,207-228 (1985)
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| Efficiency and Enforcement | An Empirical Analysis of Economic Strategies for Controlling Air Pollution EUGENE P. SESKIN, ROBERT J. ANDERSON JR. AND ROBERT 0. REID JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 10, 112- 124 ( 1983) The Structure of Penalties in Environmental Enforcement: An Economic Analyis KATHLEEN SEGERSON & TOM TIETENBERG JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 23, 179-200 (1992) Markets for pollution control when firms are noncompliant Permanent versus interim regulations: A game-theoretic analysis Nonpoint pollution control: Inducing first-best outcomes through the use of threats |
Chronological Listing |
Many articles are also listed above
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. The Exchange and Enforcement of Property Rights Harold Demsetz Journal of Law and Economics, Vol. 7, (Oct., 1964), pp. 11-26
Some Aspects of Property Rights Harold Demsetz Journal of Law and Economics, Vol. 9, (Oct., 1966), pp. 61-70
Harold Demsetz Journal of Law and Economics, Vol. 11, No. 1 (Apr., 1968), pp. 55-65
External Diseconomies, Corrective Taxes, and Market Structure James M. Buchanan The American Economic Review, Vol. 59, No. 1, (1969), pp. 174-177 . Cheung, S.N.S. JLE 1970 pp 49-70
The Use of Standards and Prices for Protection of the Environment William J. Baumol and Wallace E. Oates The Swedish Journal of Economics, Vol. 73, No. 1, Environmental Economics, (Mar., 1971), pp. 42-54
Martin L. Weitzman The Review of Economic Studies, Vol. 41, No. 4, (Oct., 1974), pp. 477-491 . An alternative approach to the analysis of taxation Barzel, Y JPE, 84, 1976
Uncertainty and the Choice of Pollution Control Instruments ZVI ADAR AND JAMES M. GRIFFIN JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 3, 178-188 (1976)
Emission Control Policies under Uncertainty GIDEON FISHELSON JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 3, 189-197 (1976)
Efficiency in Pollution Control in the Short and Long Runs: A System of Rental Emission Robert A. Collinge and Wallace E. Oates The Canadian Journal of Economics, Vol. 15, No. 2, (May, 1982), pp. 346-354
An Empirical Analysis of Economic Strategies for Controlling Air Pollution EUGENE P. SESKIN, ROBERT J. ANDERSON JR. AND ROBERT 0. REID JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 10, 112- 124 ( 1983)
On Marketable Air-Pollution Permits: The Case for a System of Pollution Offsets ALAN J. KRUPNICK, WALLACE E. OATES AND ERICVANDEVERG JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 10,233-247 (1983)
Depletable Externalities and Pigouvian Taxation A. MYRICK FREEMAN III JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 11,173-179 (1984)
A General Equilibrium Analysis of the Optimal Number of Firms in a Polluting Industry Robert E. Kohn The Canadian Journal of Economics, Vol. 18, No. 2, (May, 1985), pp. 347-354
Effluent Regulation and Long-Run Optimality DANIEL F. SPULBE JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 103-116 (1985)
Pigovian Taxes Which Work in the Small-Number Case DONALD WITTMAN JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 12, 144-154 (1985)
Marketable Permits for the Prevention of Environmental Deterioration ALBERT M. MCGARTLAND AND WALLACE E. OATES JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 12,207-228 (1985)
The Rate of Emission and the Optimal Scale of the Polluting Firm Robert E. Kohn The Canadian Journal of Economics, Vol. 19, No. 3, (Aug., 1986), pp. 574-581
The Transferability and Depletability of Externalities PETER J. W. N. BIRD JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 14, 54-57 (1987)
COMMENTS One More Externality Article HENRY M. PESKIN JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 15, 380-381 (1988) . One More Externality Article: Reply PETER J. W. N. BIRD JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT 15, 382-383 (1988)
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