ARE 261 - Environmental and Resource Economics (Fall)
Fisher
Theory of renewable and nonrenewable natural resource use, with applications to forests, fisheries, energy, and climate change. Resources, growth, and sustainability. Economic theory of environmental policy. Externality; the Coasian critique; tax incidence and anomalies; indirect taxes; the double dividend; environmental standards; environmental regulation; impact of uncertainty on taxes and standards; mechanism design; monitoring, penalties, and regulatory strategy; emissions markets.
Theory of renewable and nonrenewable natural resource use, with applications to forests, fisheries, energy, and climate change. Resources, growth, and sustainability. Economic theory of environmental policy. Externality; the Coasian critique; tax incidence and anomalies; indirect taxes; the double dividend; environmental standards; environmental regulation; impact of uncertainty on taxes and standards; mechanism design; monitoring, penalties, and regulatory strategy; emissions markets.
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