Change search
ReferencesLink to record
Permanent link

Direct link
Some Aspects of Resource and Behavioral Economics
Stockholm University, Faculty of Social Sciences, Department of Economics. Stockholm University, Faculty of Social Sciences, Institute for International Economic Studies.
2012 (English)Doctoral thesis, monograph (Other academic)
Abstract [en]

This thesis consists of four essays in resource and behavioral economics.

Resource Extraction, Capital Accumulation and Time Horizon

The paper shows that relaxing the standard infinite horizon assumption can explain the patterns of exhaustible resource extraction and prices for the last century. An empirical test proposes a time horizon of roughly 28 years to be most likely. Model calibration yields an oil price which fits the falling price after WWII and suggests that the sharply increasing price after 1998 is due to scarcity.

Optimal Forest Rotation under Climate Change   

The scenario of forests growing faster over time, due to climate change, is analyzed. It is shown numerically that ignoring future changes is highly likely to be accurate in terms of harvesting and will cause insignificant profit losses.

Tragedy of the Commons versus the Love of Variety   

The opposing effects of overharvesting of renewable resources when property rights are missing and increased consumption variety, both due to trade, are analyzed. Trade increases welfare if the resource has strong regenerative power. If, instead, the resource regenerates slowly, then sufficient increases in the number of trade partners harms welfare and the stock may even collapse. Correcting policies may be very harsh and still improve upon laissez faire.

The Distribution of Revealed Preferences under Social Pressure   

Stated preferences, such as declared political opinions, are studied when individuals make the trade off between being true to their real opinions and conforming to a social norm. In orthodox societies, individuals will tend to either conform fully or ignore the social norm while individuals in liberal societies will tend to compromise between the two extremes. The model sheds light on phenomena such as polarization, alienation and hypocrisy. Furthermore, it suggests that orthodoxy cannot be maintained under pluralism.

Place, publisher, year, edition, pages
Stockholm: Department of Economics, Stockholm University , 2012. , 224 p.
Monograph series / Institute for International Economic Studies, University of Stockholm, ISSN 0346-6892 ; 75
Keyword [en]
Exhaustible Resources, Finite Horizon, Renewable Resources, Forestry, Fishery, Trade, Variety, Social Norms, Conformity, Preference Formation
National Category
Research subject
URN: urn:nbn:se:su:diva-75398ISBN: 978-91-7447-502-9OAI: diva2:517399
Public defence
2012-06-15, hörsal 7, hus D, Universitetsvägen 10, Stockholm, 10:00 (English)
Available from: 2012-05-11 Created: 2012-04-17 Last updated: 2014-08-25Bibliographically approved

Open Access in DiVA

Fulltext(1453 kB)508 downloads
File information
File name FULLTEXT01.pdfFile size 1453 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Spiro, Daniel
By organisation
Department of EconomicsInstitute for International Economic Studies

Search outside of DiVA

GoogleGoogle Scholar
Total: 508 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 636 hits
ReferencesLink to record
Permanent link

Direct link