INDIAN STATISTICAL INSTITUTE
 
line decor
ISI Delhi  >>  Planning Unit  >> Faculty 
line decor
 
 
 
 
 

 
 
ECON 294: Environmental Economics

Course Home

Reading List

A "*" denotes required reading. However, you are expected to know the main points of all the readings.

Reference books:

Charles D. Kolstad. Intermediate Environmental Economics

Sterner, Thomas, and Jessica Coria (2012). Policy Instruments for Environmental and Natural Resource Management. Resources For the Future, the World Bank, and SIDA.


  • Introduction
  • Background 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.

    Basic Theory

    * Kolstad, Chapters 3-5.

  • Valuation of Environmental Benefits and Damages
  • 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.

    * Kolstad, Chapters 8-10.

* Bhattacharya, S., Alberini, A. and M. Cropper (2007). "The value of mortality risk reductions in Delhi, India." Journal of Risk and Uncertainty 34(1): 21-47.

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.

Chopra, Kanchan, V. B. Eswaran, Gopal K. Kadekodi, Purnamita Dasgupta (2006). Report of the Expert Committee on Net Present Value.

    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.

    Tuncel, Tuba, and James K. Hammit (2014). "A new meta-analysis on the WTP/WTA disparity". Journal of Environmental Economics and Management 68: 175-187.

    Dissanayake, S., Randall A. Bluffstone, E. Somanathan, Harisharan Luintel, N. S. Paudel, Michael Toman (2018). Forest Carbon Supply in Nepal: Evidence from a Choice Experiment.

    Bockstael, Nancy E., and Kenneth E. McConnell (2007). Environmental and Resource Valuation with Revealed Preferences. Sections 6.1, 6.2, 7.1, 7.2.



  • Policy Instruments for Pollution Control.
  • Choice of instruments for regulation of pollution under certainty and uncertainty. Quotas, emissions charges or taxes, subsidies for abatement, tradeable permits. Informational strategies.

    Reading

     Kolstad, Chapters 11-12.

    * Sterner and Coria, Chapters 4, 5, Chapter 6 upto page 85, Chapter 12, Chapter 13 pages 227-229.

    A. Mitchell Polinsky (1979). Notes on the Symmetry of Taxes and Subsidies in Pollution Control The Canadian Journal of Economics, 12(1): 75-83.

    * Martin L. Weitzman (1974). "Prices vs. Quantitites." Review of Economic Studies, 41(4): 477-91.

    Somanathan, E. (2019). A tribute to Marty Weitzman. Ideas for India.


  • Renewable Resources
  • 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

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.

    * Hanley, Shogren, and White, pp. 179-181 (Sections 7.2.1 and 7.2.2 on Hotelling's rule).

    * Colin W. Clark (1976). Mathematical Bioeconomics Section 2.9.

    * Tierney, John (2000). "A tale of two fisheries." New York Times Magazine.

    * Eggert, Håkan, and Thomas Sterner (2020). "Yes, we can manage fisheries."


  • Climate Change
  • Reading




For feedbacks and queries, contact pu [at] isid.ac.in
Planning Unit, Indian Statistical Institute, 7 S.J.S. Sansanwal Marg New Delhi - 110 016