The 12th Jerusalem School in Economic Theory: Environmental & Resource Economics

Wed, 13/06/2001 to Fri, 22/06/2001

Environmental & Resource Economics

General Director:
Kenneth J. Arrow, Stanford University

Eyal Winter, The Hebrew University of Jerusalem


Program >


The theory of environmental economics has developed from two sources, the study of externalities and public goods and the analysis of exhaustible resources. Its specific form derives from the special nature of ecological problems, and some lectures present them. (Indeed, as their names suggest, economics and ecology have many characteristics in common, including the role of scarcity and the presence of systems of interacting element.) The analysis presented seeks to establish the foundations for policy. Particular characteristics of the field are the dynamic nature of environmental interactions, the need for social instruments to achieve optimality or even improvement, and the criteria by which to judge alternative policies.



Partha Dasgupta, Cambridge University
Michael Hanemann, University of California, Berkley
Simon Levin, Princeton University
Karl-Göran Mäler, University of Stockholm
David Starrett Stanford University

With the support of the Bionational Science Foundation & the Center for the Study of Rationality