Energy Economics with Geography Focus
Part I: Demand for Local Environmental Quality
Lecture 1: Introduction to Environmental Economics [Slides]
Introduction to OLS Regressions [Slides]
Rubinstein, Ariel. Lecture notes in microeconomic theory: the economic agent. Princeton University Press, 2012
Greene, William H. Econometric analysis. Pearson Education India, 2003.
Lecture 2*: Demand for Environmental Quality I – Estimation [Slides]
Introduction to Research Design [Slides]
Davis, Lucas W. ”The effect of health risk on housing values: Evidence from a cancer cluster.” The American Economic Review 94.5 (2004): 1693-1704.
Jayachandran, Seema. ”Air quality and early-life mortality evidence from Indonesian wildfires.” Journal of Human resources 44.4 (2009): 916-954.
Currie, Janet, et al. "Environmental health risks and housing values: evidencefrom 1,600 toxic plant openings and closings." The American economicreview 105.2 (2015): 678-709.
Angrist, Joshua D., and Jörn-Steffen Pischke. Mostly harmless econometrics: An empiricist's companion. Princeton university press, 2008
Lecture 3*: Demand for Environmental Quality II – Tiebout Sorting and Environmental Justice [Slides]
Roback, Jennifer. "Wages, rents, and the quality of life." Journal of political Economy 90.6 (1982): 1257-1278.
Albouy, David. "What are cities worth? Land rents, local productivity, and the total value of amenities." Review of Economics and Statistics
98.3 (2016): 477-487.
Depro, Brooks, Christopher Timmins, and Maggie O’Neil. "White flight and coming to the nuisance: can residential mobility explain environmental injustice?." Journal of the Association of Environmental and resource Economists 2.3 (2015): 439-468.
Tiebout, Charles M. "A pure theory of local expenditures." Journal of political economy 64.5 (1956): 416-424.
Kolstad (Chapter 8)
Lecture 4*: Amenities and Quantitative Spatial Economic Models [Slides]
Diamond, Rebecca. "The Determinants and Welfare Implications of US Workers' Diverging Location Choices by Skill: 1980-2000." American Economic Review 106.3 (2016): 479-524.
Part II: Supply of Local Environmental Quality – The Case of Energy
Lecture 5: Energy Production [Slides]
Davis, Lucas W. "The effect of power plants on local housing values and rents." Review of Economics and Statistics 93.4
(2011): 1391-1402.
Clay, Karen, Joshua Lewis, and Edson Severnini. Canary in a Coal Mine: Infant Mortality, Property Values, and Tradeo.s
Associated with Mid-20th Century Air Pollution. No. w22155. National Bureau of Economic Research, 2016.
Lipscomb, Molly, Mushfiq A. Mobarak, and Tania Barham. "Development effects of electrification: Evidence from the
topographic placement of hydropower plants in Brazil." American Economic Journal: Applied Economics 5.2 (2013):
200-231.
Lecture 6: Energy Demand [Slides]
Ito,Koichiro. "Do consumers respond to marginal or average price? Evidence from nonlinear electricity pricing." The American Economic Review104.2 (2014): 537-563.
Sexton, Steven E., and Alison L. Sexton. "Conspicuous conservation: The Prius halo and willingness to pay for environmental bona fides." Journal of Environmental Economics and Management 67.3 (2014): 303-317.
Allcott, Hunt. "Social norms and energy conservation." Journal of Public Economics 95.9 (2011): 1082-1095.
Sexton, Steven. "Automatic bill payment and salience effects: Evidence from electricity consumption." Review of Economics and Statistics 97.2 (2015): 229-241.
Lecture 7: Energy Efficiency Innovation [Slides]
Howell, Sabrina T. "Financing innovation: evidence from R&D grants." The American Economic Review 107.4 (2017): 1136-1164.
Aghion, Philippe, et al. "Carbon taxes, path dependency, and directed technical change: Evidence from the auto industry." Journal of Political Economy 124.1 (2016): 1-51.
Allcott, Hunt, and Michael Greenstone. "Is there an energy efficiency gap?" Journal of Economic Perspectives 26.1 (2012): 3-28.
Lecture 8*: Trade and Pollution [Slides]
Copeland, Brian R., and M. Scott Taylor. "North-South trade and the environment." The quarterly journal of Economics 109.3 (1994): 755-787.
Antweiler, Werner, Brian R. Copeland, and M. Scott Taylor. "Is free trade good for the environment?." American Economic Review 91.4 (2001): 877-908.
Shapiro, Joseph S., and Reed Walker. "Why is Pollution from US Manufacturing Declining? The Roles of Environmental Regulation, Productivity, and Trade." American Economic Review. (forthcoming)
Part III: Global Environmental Quality
Lecture 9*: Climate Change [Slides]
Mendelsohn, Robert, William D. Nordhaus, and Daigee Shaw. "The impact of global warming on agriculture: a Ricardian analysis." The American economic review (1994): 753-771.
Schlenker, Wolfram, W. Michael Hanemann, and Anthony C. Fisher. "Will US agriculture really benefit from global warming? Accounting for irrigation in the hedonic approach." American Economic Review 95.1 (2005): 395-406.
Deschenes, Olivier, and Michael Greenstone. "The economic impacts of climate change: evidence from agricultural output and random fluctuations in weather." American Economic Review 97.1 (2007): 354-385.
Costinot, Arnaud, Dave Donaldson, and Cory Smith. "Evolving comparative advantage and the impact of climate change in agricultural markets: Evidence from 1.7 million fields around the world." Journal of Political Economy 124.1 (2016): 205-248.
Final Review [Slides]
* Indicates that MiE students taking 5-lecture subset should attend