Environmental and Energy Economics

The energy, environment and resource field covers the economics of pollution, renewable and exhaustible resources with a focus on energy. The field covers both theory and empirics, with an emphasis on well identified studies of regulatory cost or benefit.

The first two courses in the field include the fundamentals of resource economics including the classic Hotelling problem, both theory and empirical; optimal control and dynamic programming in a resource context; Pigouvian prices, double dividends, and the Coase theorem; pollution control and enforcement; measuring the value of clean air and clean water; and measuring the costs of clean air and water; electricity supply and demand,the economics of energy and fuel efficiency, decision making under uncertainty and with anticipated learning; climate change policy; hyperbolic discounting; disentangling risk aversion and intertemporal substitutability, and a collection of topics in environmental policy design and implementation (with an emphasis on market-based emissions regulation). The field also includes a third course that presents a much more detailed view of the dynamic issues in resource economics including stock pollutants and climate change.

Reflecting the policy importance of the subject, the faculty is dedicated not only to academic pursuits, but also to policy and to governmental and non-governmental organizations. Similarly, some students prepare to pursue academic careers, while others prefer to work closer to policy makers and projects managers, finding employment in the private and non-profit sectors.

Environmental economics, health economics, applied econometrics, especially relating to questions of causal inference
Climate change, forecasting, air pollution and development, spatial analysis
The economy-wide costs and employment effects of natural resource policy and environmental regulation; forest and fishery economics and policy
Industrial organization and government regulation, energy economics, applied microeconomic theory
Energy and environmental economics, applied microeconomics, public finance
Environmental decision-making under uncertainty, optimal timing of climate change policy, potential impacts of global warming on agriculture and other sectors of the economy
Energy, environmental regulation
Economics of forestry, especially forest management planning, wildland fire protection, international trade in forest products, and regional economics
+1 510 642-3345 (msg only)
Non-market valuation, discrete choice modeling, water demand and pricing, water utility economics, uncertainty and irreversibility in environmental management, environmental policy, climate change
Trade in carbon permits, trade liberalization and the environment, non-renewable resources models, taxes vs. quotas in global warming, agriculture and environment in China, fisheries, learning in pollution regulation
Environmental regulations, air quality, water quality, quantification of environmental externalities, biodiversity, stigmatized property values, collective decision-making and multilateral bargaining
Development, energy, environment and climate change, trade, food and agricultural policy
Multilateral negotiations over common property resource allocation (especially water allocation), mechanism design and environmental regulation, comparing agri-environmental policy processes in the U.S. and Europe
Energy economics, environmental regulation in the energy sector
Environmental policy, water, pest control, climate change, environmental risks and technologies