Economics of Natural Resources
University of Ottawa
ECO6143
Fall 200
7
Special consultation period for 1st mid-term:
Wednesday October 10th, 13h00-14h30.
Course Outline
Office hours:
Tuesdays 15h00-17h00
Exam dates:
Mid-term 1: October 12
Mid-Term 2: November 9
Slides:
Common Property Resources
Conflicts over Property Rights and Natural-Resource Exploitation at the Frontier
To do:
Week 1:
Read Gordon 1954; Hardin 1968; Dasgupta and Heal 1979 chap3 sections 4 and 5.
Week 2:
Exercise set 1
and read Alchian and Demsetz (1973). (The exercises can be handed back next Monday Sept 24 by 16h00.)
Week 3:
Exercise set 2
(To be handed back at the next class Sept 28.) and read Chiang and Wainwright (2005), chapter 20.
Week 4:
Exercise set 3
(To be handed back at the next class Oct 5th.)
Week 5:
Preparation for 1st mid-term.
Week 6:
Exercise set 4
(To be handed back at the next class Oct 19.) and read Perman et al. Chapter 15.
Week 7:
Exercise set 5
(To be handed back at the next class Oct 26.) and read Gaudet (2007) and Libecap and Wiggins (1984).
Week 8:
Exercise set 6
(To be handed back Tuesday Nov 6..) and read Coase (1960).
Week 9:
Second mid-term exam.
Week 10:
Read Hotte (2001)
Week 11:
Exercise set 7
(To be handed back Friday Nov 23.) and read Seabright (1993).
Week 13:
Read Brander (2006).
Solutions to Exercises:
Problem set 1:
Property regimes
Land rents and Labor Supply
Commons and Anti-Commons
Problem set 2:
The regulation of free access
Problem set 3:
A dynamic, discrete-time analysis of a fishery
Grazing land as a renewable resource
Fishery dynamics and market structure
Problem set 4:
A tax on the catch in a steady-state fishery
A renewable resource with existence value
Problem set 5:
Optimal extraction with extraction costs
Non-renewable Resource Extraction and the Right to Sell
Eviction threat and resource extraction
Problem et 6:
Oil depletion, global warming, and Kyoto
Dynamics of pollution discharge in a lake
Non-renewable resource exploitation and anticipations over stock size
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graphic
Problem set 7:
A common property resource with heterogeneous users
Population size, conflict and sustainable resource use
Regulating fishing season length