Course for the Graduate School: Environmental Economics
研究所課程: 環境經濟學
Course syllabus can be found in E-Learning
本學期課綱可在E學苑下載
考題也放在E學苑
Links updated: 2011/03/09
Search the University's library online databank/resources first before emailing me for a link.
Reading Materials (might be useful):
參考資料：將於課前通知，如有可能將放在網頁上供同學下載。
You can find these textbooks in the library, if you cannot find one in the bookstore.
Hanley, N., J. F. Shogren and B. White, 1997, Environmental Economics: in Theory and Practice, Oxford University Press.
Barry C. Field and Martha K. Field. 2006. Environmental Economics: An Introduction. 4th Edition, McGraw-Hill, New York.
Freeman, A. M., III, 1993, The Measurement of Environmental and Resource Values, Washington DC: Resources for the Future.
Dorfman, R. and N. S. Dorfman, eds., 1993, Economics of the Environment: Selected Readings, 3rd Edition. New York: Norton.
等等……
一、 課程目標 (Goals of the course)：
The main objective of this course is for you to learn how to think critically about issues relating to environmental economics outside the well-established standards found in mainstream economic theory. At the end of this semester, hopefully you should be able to perceive the right and wrong of economic rationale for government involvement in environmental issues, and be able to discuss what the impact of such rationale and involvement will be. In particular, it is hoped that the class will provide you with a better understanding of current issues relating to the environment.
使同學瞭解當前的環境保護政策背後的經濟理念，並學習如何以經濟分析工具評估環境保護政策的利弊得失。
二、 作業與考試規劃 (Exam and Report)：
Two take-home exam: midterm and final
期中、期末考
One final oral and written report: your own mini-paper or summary and critique
期末口頭報告
並繳交期末報告(書面)一篇。
三、評分標準 (Grading)：
Your grade in this course will be based on participation in class discussions (10%), midterm and final take-home exam (30% each), and the final oral and written report (30%).
The take home quizzes will be posted online (here), and due the following class meeting. They will focus on applications of the material discussed in class, and will be in the form of short problem or essay questions.
期末報告：佔30％，期中、期末考(take-home exam)：各佔30％。平時成績：10％
四、課程綱要 (Course Outline)：
I. Introduction:
Hanley (Ch. 1)
1. the Economics Perspective on the Environment
D. A. Underwood (1998), "The institutional origins of crisis for economy and ecology",
Journal of Economic Issues, 32(2), 513-522.
Bill Shaw (2001), "Economics and the environment-A land ethic critique of economic policy",
Journal of Business Ethics, 33, 51-57.
2. Issues and Trend
Paul R. Portney(2000), "Environmental Problems and Policy: 2000-2050",
The Journal of Economic Perspectives, 14(1), 199-206.
John M. Gowdy (2004), "The Revolution in Welfare Economics and Its Implications for Environmental Valuation and Policy",
Land Economics, 80(2), 239-257.
Brian R. Copeland; M. Scott Taylor (2004), "Trade, Growth, and the Environment",
Journal of Economic Literature, 42(1), 7-71.
II. Basic Concepts and Tools
(A). Basic Concepts:
3. Maket Failure
Hanley (Ch. 2)
4. The Problem of Social Cost
The Problem of Social Cost
R. H. Coase
Journal of Law and Economics, Vol. 3, Oct., 1960 (Oct., 1960), pp. 1-44.
The "Coase Theorem": A Reexamination--Comment
Jeffrey F. Jaffe
The Quarterly Journal of Economics, Vol. 89, No. 4. (Nov., 1975), pp. 660-661.
The "Coase Theorem": A Reexamination
G. A. Mumey
The Quarterly Journal of Economics, Vol. 85, No. 4. (Nov., 1971), pp. 718-723.
Information and the Coase Theorem
Joseph Farrell
The Journal of Economic Perspectives, Vol. 1, No. 2. (Autumn, 1987), pp. 113-129.
The Problem of Social Cost
Larry C. Ledebur
American Journal of Economics and Sociology, Vol. 26, No. 4. (Oct., 1967), pp. 399-415.
5. Externalities (downloadable article)
----Decentralization, Externalities, and Efficiency (Klibanoff)
Decentralization, Externalities, and Efficiency
Peter Klibanoff; Jonathan Morduch
The Review of Economic Studies, Vol. 62, No. 2. (Apr., 1995), pp. 223-247.
----Externalities and Asymmetric Information (Greenwood)
Externalities and Asymmetric Information
Jeremy Greenwood; R. Preston McAfee
The Quarterly Journal of Economics, Vol. 106, No. 1. (Feb., 1991), pp. 103-121.
6. Welfare Theory and Benefit-Cost Analysis (Survey: Cropper and Oates)
Pure Public Goods versus Commons: Benefit-Cost Duality
Todd Sandler; Daniel G. Arce M.
Land Economics, Vol. 79, No. 3. (Aug., 2003), pp. 355-368.
Existence Values in Benefit-Cost Analysis and Damage Assessment
Richard C. Bishop; Michael P. Welsh
Land Economics, Vol. 68, No. 4. (Nov., 1992), pp. 405-417.
Environmental Economics: A Survey
Maureen L. Cropper; Wallace E. Oates
Journal of Economic Literature, Vol. 30, No. 2. (Jun., 1992), pp. 675-740.
A Cost-Benefit Analysis of R&D Tax Incentives
Benjamin Russo
The Canadian Journal of Economics / Revue canadienne d'Economique, Vol. 37, No. 2. (May, 2004), pp. 313-335.
(B). Pollution Control:
7. Emission Standards and Fees, Taxes (Palmer)
Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm?
Karen Palmer; Wallace E. Oates; Paul R. Portney
The Journal of Economic Perspectives, Vol. 9, No. 4. (Autumn, 1995), pp. 119-132.
--Regulation and innovation
(Porter and Linde)
Toward a New Conception of the Environment-Competitiveness Relationship
Michael E. Porter; Claas van der Linde
The Journal of Economic Perspectives, Vol. 9, No. 4. (Autumn, 1995), pp. 97-118.
A theoretical foundation of the Porter hypothesis
Stefan Ambec and Philippe Barlac
Economics Letters
Volume 75, Issue 3, May 2002, Pages 355-360
8a. Transaction Cost and Tradeable Permit (Stavin's article)
Transaction Costs and Tradeable Permits
Stavins Robert N.
Journal of Environmental Economics and Management
Volume 29, Issue 2, September 1995, Pages 133-148
8b. Pollution Control Policy and R&D Investment (Montero's paper)
Permits, Standards, and Technology Innovation
Juan-Pablo Montero
Journal of Environmental Economics and Management
Volume 44, Issue 1, July 2002, Pages 23-44
(C). Valuing Costs and Benefits: Benefit-Cost Analysis
Tightening Environmental Standards: The Benefit-Cost or the No-Cost Paradigm?
Karen Palmer; Wallace E. Oates; Paul R. Portney
The Journal of Economic Perspectives, Vol. 9, No. 4. (Autumn, 1995), pp. 119-132.
9. Nonmarket Goods (Bockstael and McConnell, Hanemann )
Public Goods as Characteristics of Non-Market Commodities
N. E. Bockstael; K. E. McConnell
The Economic Journal, Vol. 103, No. 420. (Sep., 1993), pp. 1244-1257.
10. Uncertainty (Graham, Comment, Reply)
Cost-Benefit Analysis Under Uncertainty
Daniel A. Graham
The American Economic Review, Vol. 71, No. 4. (Sep., 1981), pp. 715-725.
Cost-Benefit Analysis Under Uncertainty: Comment
Robert Mendelsohn; William J. Strang
The American Economic Review, Vol. 74, No. 5. (Dec., 1984), pp. 1096-1099.
Cost-Benefit Analysis Under Uncertainty: Reply
Daniel A. Graham
The American Economic Review, Vol. 74, No. 5. (Dec., 1984), pp. 1100-1102.
(D). Use and Nonuse values (Hanley Ch 12) (Freeman Ch5)
11. Contingent Valuation (Freeman Ch6, Diamond and Hausman ,
Hanemann ,Portney )(6/2)
Contingent Valuation: Is Some Number better than No Number?
Peter A. Diamond; Jerry A. Hausman
The Journal of Economic Perspectives, Vol. 8, No. 4. (Autumn, 1994), pp. 45-64.
Valuing the Environment Through Contingent Valuation
W. Michael Hanemann
The Journal of Economic Perspectives, Vol. 8, No. 4. (Autumn, 1994), pp. 19-43.
The Contingent Valuation Debate: Why Economists Should Care
Paul R. Portney
The Journal of Economic Perspectives, Vol. 8, No. 4. (Autumn, 1994), pp. 3-17.
12. Travel Cost and Hedonics ( Bartik JPE 87 , Bartik RES 87)
The Estimation of Demand Parameters in Hedonic Price Models
Timothy J. Bartik
The Journal of Political Economy, Vol. 95, No. 1. (Feb., 1987), pp. 81-88.
Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products
Dennis Epple
The Journal of Political Economy, Vol. 95, No. 1. (Feb., 1987), pp. 59-80.
III. Other Issues:
13. Environmental Law and Liability (downloadable articles)
14. Information Disclosure (downloadable articles)
15. Empirical Analysis (downloadable articles)