This seminar covers recent empirical research in Environmental Economics. The reading list for the class will focus on a particular research topic in environmental economics, such as climate policy or air pollution control. Each student will present a paper chosen from the list to the class and write a report critiquing another paper from the list. Emphasis will be on identifying the central questions addressed in the paper, evaluating the methodology and data, and making suggestions for improvements and extensions.
The seminar is targeted at graduate students in the Master´s program. To register you must have completed E601, E603 (or equivalent). The course language will be English.The course will be held as a block seminar on Friday, November 20 and Saturday November 21 in rooms t.b.a. A first organizational meeting will take place on Tuesday, September 15 at 12pm in room 410.
This course introduces advanced undergraduate students in economics to the field of environmental and natural resource economics. It presents the theory of optimal management of renewable and non-renewable resources and introduces the students to different forms of environmental regulation, giving particular regard to market based instruments such as tradeable pollution rights. Different concepts for the valuation of non-market amenities such as environmental quality are presented, including hedonic pricing, travel cost methods and contingent valuation. Their use is exemplified with an introduction to environmental cost-benefit analysis. Finally, the course touches on issues associated with the regulation of transboundary pollution.
The language of instruction is English.
Since environmental policies were first implemented in industrialized countries more than four decades ago, the initial "command-and-control" approach has given way to more decentralized, price-based policies to regulate pollution emissions. A Pigouvian tax is a well-established such policy, but governments around the world are increasingly favoring "emissions trading" schemes, i.e. establishing a market where polluters can buy and sell emission permits.
Drawing on theoretical, empirical and experimental research, this seminar analyzes a variety of economic, political and environmental aspects of this policy: Environmental effectiveness and economic costs, impacts on market structure and on international competitiveness, incentives for innovation in clean technologies, optimal design of permit allocation mechanisms and market stabilizing interventions, as well as behavioral aspects.
Students will write a 10-page paper on a particular aspect and present their work in class.
Students read, present and discuss research papers on topics in environmental economics.