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ecn371 - Environmental economics |
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| Schedule | Syllabus | Exercises | Exams | Notes | Case studies | Links |
Lecture notes will be added as the term progresses (normally available at the latest 2-3 days prior to the lecture). All links in the table below open in a new window.
| Lec. no. | Date | Theme (PDF file available prior to lecture) |
Readings (required) | Readings (cursory) |
|---|---|---|---|---|
| 1-2 | Wed 01.02 |
Lecture 1: Introduction Practical matters and case studies Lecture 2: Market failures and environmental damages | Kolstad (2000) - for lecture 2 | -- |
| 3 | Mon 06.02 |
Game theory, asymmetric information and principal agent models In class exercise on game theory (download exercise) | Romstad (2005) (first three sections) | Gibbons (1997) |
| 4 | Wed 08.02 |
Economic instruments (1): The importance of incentives, emission taxes and tradable emission permits Exercise 1 completed | Tietenberg (2006:1-47) | Weitzman (1974) |
| 5 | Mon 13.02 |
Economic instruments (2): Equilibria, entry and exit impacts, competitiveness | Deane & Brown (1995) |
Goulder (2013) (also in compendium) Greenstone et al. 2012 (not in compendium) |
| 6 | Wed 15.02 |
Optimal taxes and subsidies (1): Efficiency and distribution Topic bids for case studies due Exercise 2 completed | Sandmo (2000:chap. 5) | -- |
| 7 | Mon 20.02 | Optimal taxation and subsidies (2): Dynamic consistency | Romstad (2016) (also available in compendium) | Bergland 1998 |
| 8 | Wed 22.02 | Monitoring and enforcement | Romstad (2006) | Shavell (1987) |
| 9 | Mon 27.02 | Truth revealing mechanisms, menus, auctions and other approaches | Romstad (2013) | Rasmusen (1989) |
| 10 | Wed 01.03 |
Demo 1: Biological diversity management - the use of auctions (Demo - not available prior to the lecture) -- Exercise 3 completed | Polasky & Romstad (2014) | -- |
| C1 | Mon 06.03 | Case study presentations (round 1, all groups) | -- | -- |
| 11 | Wed 08.03 | Externalities, institutions, and optimality (1): Property rights and transaction costs | Vatn (2005:366-381) |
Coase (1960), Cherry and Shogren (2005) |
| 12 | Mon 13.03 | The optimal point of instrument application | Vatn (2005:388-392) | -- |
| 13 | Wed 15.03 |
Externalities, institutions, and optimality (2):
Moving liability, moving victims and moving polluters Mid-Term evaluations - due by 14:00 hrs in SEB front office (paper handouts in class, but students who are not present on this lecture are asked to hand in evaluations prior to the lecture) Exercise 4 completed | Vatn & Bromley (1997) | Dahlman (1979) |
| 14 | Mon 20.03 | Environmetal policy - efficiency, distribution and fairness (not ready) | Vatn (2005:382-388, 402-408) | -- |
| 15/17 | Wed 22.03 |
Non-economic instruments (voluntary, legal and informative)
Self regulation, collective action and the evolution of norms Excercise 5 completed |
Lévêque (1996) Segerson & Li (1999) | Vatn (2005:392-402) |
| C2 | Mon 27.03 |
Case study presentations (round 2 - all groups). See Case studies for details. | -- | -- |
| 16 | Wed 29.03 | Behavioral failure and economics | Nyborg (2003), Shogren (2002) | -- |
| 18 | Mon 03.04 | Making non-cooperative games cooperative (1): The Folk theorem | Romstad (2005) (focus section 4) | Romstad (2003) |
| 19 | Wed 05.04 | Making non-cooperative games cooperative (2): Side payments and self sustaining agreements | Romstad (2005) (focus section 5) | Barrett (1994) |
| - | -- | No lectures - Easter Break last day April 17 | -- | -- |
| - | Wed 19.04 | No lecture - Eirik on work travel | -- | -- |
| 20 | Mon 24.04 |
Demo 3: Teams approaches in nonpoint source pollution (Demo 3).
Exercise 7 completed | Romstad (2003) | -- |
| 21 | Wed 26.04 |
The marginal costs of public funds and the double dividend International competition, the Porter hypothesis Note: two downloads for this lecture, 21A and 21B Exercise 6 completed |
Sandmo (2000:chap.6) Porter & van der Linde (1995) Palmer, Oates & Portney (1995) |
Hahn (1989) Greenstone et al. (2012) |
| - | Mon 01.05 | No lecture - International Workers' Day / Norwegian national holiday | -- | -- |
| C3 | Wed 03.05 |
Case study presentations (round 3 - all groups) Note that we start 08:00 | -- | -- |
| 22 | Mon 08.05 |
Course summary (I will highlight a few main things, and then take questions) Last ordinary lecture | Sterner (2003) | -- |
| xx | To be decided | Question and answer session -- Eirik answers student questions (Room To be decided) | -- | -- |
Course Home page
| Last updated: 24.04.2017 Copyright © Eirik Romstad |