Advanced Natural Resource Economics

Topics

• Simulate the dynamics of fish stocks and how biomass reacts to different harvest policies
• Solve economic models of optimal natural resource allocation
• Derive optimal taxes in regulated fisheries
• Identify over-fishing and optimal fishing effort
• Derive optimal forest rotation lengths
• Simulate the evolution of forest stocks and calculate timber supply
• Design optimal regulation of fossil fuels in economic models that consider damages from the emissions of pollutants
• Simulate the evolution of atmospheric levels of a stock pollutant (e.g. carbon dioxide) under different economic conditions