Shana M. McDermott, PhD
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    • ECON 1311: Principles of Microeconomics
    • ECON 3330: Economics of the Environment
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Land Use References

McConnell. "An Economic Model of Soil Erosion," AJAE 1983.      
 - Important model features: multiple control variables and solving for optimal time paths of control variables.

Barbier. "The Farm-Level Economics of Soil Conservation: The Uplands of Java," Land Economics 1990.
- Important model features: Phase diagram analysis using general functional forms and changes in parameters with  impacts on phase diagram. 

Eiswerth and van Kooten. "Balancing Bio-Energy Cropping Benefits and Water Quality Impacts: A Dynamic Optimization Approach," CJAE 2010.
- Important model features: Inequality constraints and Lagrangian, phase diagrams, changes in parameters impact on 
phase diagram.

Hu et al. "Dynamic Optimal Management of Wind-Erosive Rangelands," AJAE 1997.
- Important model features: Linear objective function (Bang-bang solution)

Forestry References 

Chapter 4 in text "Resource Economics" by Jon M. Conrad

Samuelson. "Economics of Forestry in an Evolving Society," Economic Inquiry 1976.

Hartman. "The Harvesting Decision when a Standing Forest has Value," Economic Inquiry 1976.

van Kooten et al. "Effect of Carbon Taxes and Subsidies on Optimal Forest Rotation Age and Supply of Carbon Services," AJAE 1995.

Excel File for Optimal Rotation

Species Interactions References

Kaplan and Smith. "Optimal Fisheries Management in the Presence of an Endangered Predator and Harvestable Prey," IIFET 2000 Proceedings 2000. 
    - Excel file of Kaplan and Smith simulation

Eiswerth and Johnson. "Managing Non indigenous Invasive Species: Insights from Dynamic Analysis," Environmental and Resource Economics 2002.

Ranjan. "Environmental restoration of invaded ecosystems: How much versus how often?," Journal of environmental management 2008: 616-626. 

Rondeau. "Along the Way Back from the Brink," Journal of Environmental Economics and Management 2001. 

Knowler and Barbier, "Importing Exotic Plants and the Risk of Invation: Are Market-based Instruments Adequate?," Ecological Economics 2005. 

Sustainability References 

Chapter 4 in text "Resource Economics" by Jon M. Conrad

Fenichel and Abbott. "Natural Capital: From Metaphor to Measurement," Journal of the Association of Environmental and Resource Economists 2014. 


Solow. "On the Intergenerational Allocation of Natural Resources," The Scandinavian Journal of Economics 1986.
    - Weak sustainability

Common and Perrings. "Towards an Ecological Economics of Sustainability," Ecological Economics 1992.

Vincent et al. "Resource Depletion and Sustainability in Small Open Economies," Journal of Environmental Economics and Management 1997.
    - Weak sustainability

Howard and Norgaard. "Environmental Valuation under Sustainable Development," American Economic Review 1992.
    - Strong sustainability overlapping generations model.

Fisheries References

Moxnes. "Policy Sensitivity Analysis: Simple versus Complex Fishery Models," System Dynamic Review 2005.

Excel Application References 

Weber. "Optimal Control Theory for Undergraduates Using the Microsoft Excel Solver Tool," CHEER 2007.
- Good for solving time paths between steady states.

Naevdal. "Solving Continuous-Time Optimal-Control Problems with a Spreadsheet," Journal of Economic Education 2003.
- How to solve for optimal time paths using excel. Alternatively, you could use matlab as we showed in the beginning of the semester. 

In-class example using soil homework problem
Screenshots of excel soil problem

Powersim Studio References

Ecological Example
Optimization Example
Supply and Demand Example
Optimization Handout
SANDIA Powersim Best Practices Manual
Studio User Group