Reading
J.R. McNeill (2000). Something New Under the Sun: An Environmental History of the Twentieth-Century World. New York and London: W.W. Norton.
Reading
* Heal, Geoffrey (2002). "Valuing ecosystem services" in B. Kristrom, P. Dasgupta, K-G. Lofgren (Eds.) Economic Theory for the Environment: Essays in Honour of Karl-Goran Maler, Cheltenham: Edward Elgar.
* Hanley, Shogren, and White (1997), Environmental Economics in Theory and Practice. Chapter 12: The Theory of Non-Market Valuation. pp. 356-367.
Jason F. Shogren, Seung Y. Shin, Dermot J. Hayes, James B. Kliebenstein (1994). "Resolving Differences in Willingness to Pay and Willingness to Accept." American Economic Review 84(1): 255-70.
K. J. Arrow and A. C. Fisher (1974). "Environmental Preservation, Uncertainty, and Irreversibility." Quarterly Journal of Economics 88(2): 312-319.
Hanley, Shogren, and White (1997), Chapter 13: Methods for Valuing Environmental Costs and Benefits.
Griffin, C. et. al. (1995). Contingent Valuation and Actual Behavior: Predicting Connections to New Water Systems in the State of Kerala, India World Bank Economic Review 9(3): 373-395.
Smith, K. R. (2000). "National burden of disease in India from indoor air pollution." Proceedings of the National Academy of Sciences of the USA 97(24): 13286-13293.
Choice of instruments for regulation of pollution under certainty and uncertainty. Quotas, emissions charges or taxes, subsidies for abatement, tradeable permits. Informational strategies.
Reading
* Sterner, Chapters 6-8.
* Martin L. Weitzman (1974). "Prices vs. Quantitites." Review of Economic Studies, 41(4): 477-91.
A. Mitchell Polinsky (1979). Notes on the Symmetry of Taxes and Subsidies in Pollution Control The Canadian Journal of Economics, 12(1): 75-83.
* Paul B. Downing and Lawrence J. White (1986). "Innovation in Pollution Control." Journal of Environmental Economics and Management 13: 18-29.
* Tom Tietenberg and David Wheeler (1998). Empowering the Community: Information Strategies for Pollution Control.
* James K. Boyce (2001). Power Inequalities and the Political Economy of Environmental Protection (Word format)
* E. Somanathan (2006). Inequality and Environmental Policy, in Environment, Inequality, and Collective Action, edited by Marcello Basili, Maurizio Franzini, and Alessandro Vercelli, Routledge: New York.
* Sterner, Chapters 20, 22.
* Sterner, Chapter 27.
Renewable resource extraction in a dynamic setting under open access and private ownership. Conditions for the optimality of extinction from the perspective of a single owner. Common property, an intermediate case. The likelihood of extinction: further considerations (terrestrial species, storability of the harvest).
Reading
* Colin W. Clark (1976). Mathematical Bioeconomics Extracts from Chapter 2, available in PU office.
N.S. Jodha (1990). "Rural Common Property Resources: Contributions and Crisis." Economic and Political Weekly, June 30, 1990.
* Rajiv Sethi and E. Somanathan (1996). "The Evolution of Social Norms in Common Property Resource Use." American Economic Review, 86(4): 766-88.
* Timothy M. Swanson (1994). "The Economics of Extinction Revisited and Revised: A Generalised Framework for the Analysis of the Problems of Endangered Species and Biodiversity Losses." Oxford Economic Papers 46: 800-821.
E. Somanathan (2007) Biodiversity, pp. 32-35 in the Oxford Companion to Economics in India, edited by Kaushik Basu, Oxford University Press.
* Sterner, Chapter 28.
Consumption externalities and the costs of mitigation. Climate change. Discounting and equity considerations in mitigation. Uncertainty.
Reading
* Robert H. Frank (2005). "Positional Externalities Cause Large and Preventable Welfare Losses." American Economic Review, 75(1): 137-141.
Intergovernmental Panel on Climate Change (2007). "Assessment Report 4, Synthesis Report. Summary for Policy Makers."
Nicholas Stern et. al. (2006)The Stern Review on the Economics of Climate Change.
* Partha Dasgupta (2006). "Comments on the Stern Review's Economics of Climate Change."
* Martin Weitzman (2007). "The Stern Review of the Economics of Climate Change, Book review for JEL."
Thomas Sterner and U. Martin Persson (2007). "An Even Sterner Review: Introducing Relative Prices into the Discounting Debate." Discussion Paper 07-037, Resources For the Future.
Term Papers
The topic for your term paper must be approved by me before the midterm exam. Term papers are due on the last day of class, but should be ready before then since student presentations of will be made in the last two weeks of class. Some further reading that you may find useful is given below. When a reference is not in the library you may borrow my copy.
Centre for Science and Environment (Various years 1982-1999). The State of India's Environment, Numbers 1-5 Delhi: CSE
Milind Kandlikar and Gurumurthy Ramachandran (2000). "The Causes and Consequences of Particulate Air Pollution in Urban India: A Synthesis of the Science." Annual Review of Energy and Environment 25: 629-84.
Ashok Gadgil (1998). "Drinking Water in Developing Countries." Annual Review of Energy and Environment 23: 253-86.
Past Exams
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