RENT Ricardian Theory of Rent: Differential Rent Modern Theory of Rent: Scarcity Rent Quasi Rent Concept of Rent     Rent refers to the compensation for the use…

1. Understanding Crude Oil Prices ,i, James D. HamiltonThis paper examines the factors responsiblefor changes in crude oil prices.The paper reviews the statisticalbehaviorof…

1. Understanding Crude Oil Prices ,i, James D. HamiltonThis paper examines the factors responsiblefor changes in crude oil prices.The paper reviews the statisticalbehaviorof…

Slide 1 Slide 2 The term rent is used for that payment which is made regularly for a fixed period for the use of the services of the goods. E.g. house, shop, furniture, crockery…

Slide 1Global Commons and their Management Urs Luterbacher Slide 2 What are commons sometimes also called common pool resources? Commons are an ambiguous notion They can…

Slide 1Efficient Supply of Renewable and Non-Renewable Resources Econ 1661 Review Section February 24 th, 2012 Rich Sweeney (Based on slides from Robyn Meeks and Matt Ranson)…

1. Policy issues in combating climate changeHow to determine optimal trade-off between growth and combating global warming?What is the first-best optimal global climate…

Slide 1energy Slide 2 oil and natural gas  supply 62% all energy consumed worldwide  how to transition to new sources?  use until mc of further use exceeds mc of…

Slide 1 Rent, Water, and Common Property Economic valuation of natural resources and problems with managing publicly held resources Slide 2 Grape prices High grape prices…

Slide 1 The economics of forest management National and international forest policy Slide 2 Hypothetical Group Project Spotted owl habitat is on lands that are highly productive…