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Interactive Scenario Analysis of Exhaustible Resource Problems

Author

Listed:
  • Arthur Caplan

    (Utah State University)

  • John Gilbert

    (Utah State University)

Abstract

We provide several interactive models that can be used in an intermediate- or graduate-level, natural-resource economics course to numerically solve a host of exhaustible-resource problems, and thereby help to verify the intuition and symbolic solutions typically provided in textbooks. Examples are drawn from Tietenberg (2006).

Suggested Citation

  • Arthur Caplan & John Gilbert, 2006. "Interactive Scenario Analysis of Exhaustible Resource Problems," Computers in Higher Education Economics Review, Economics Network, University of Bristol, vol. 18(1), pages 4-9.
    • Handle: RePEc:che:chepap:v:18:y:2006:i:1:p:4-9
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    File URL: https://www.economicsnetwork.ac.uk/cheer/ch18/caplan.pdf
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    References listed on IDEAS

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    1. J. Wilson Mixon Jr. & Gary S. Robson, 2001. "A Microsoft Excel-based Aid for Learning Cost Estimation," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 17(Fall 2001), pages 81-84.
    2. R. Kim Craft, 2003. "Using Spreadsheets to Conduct Monte Carlo Experiments for Teaching Introductory Econometrics," Southern Economic Journal, John Wiley & Sons, vol. 69(3), pages 726-735, January.
    3. Miles Cahill & George Kosicki, 2000. "Exploring Economic Models Using Excel," Southern Economic Journal, John Wiley & Sons, vol. 66(3), pages 770-792, January.
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