Project description

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.

Project aims

Project outcome