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Seeing is Believing: Simulating Resource-Extraction Problems with GAMS IDE and Microsoft Excel in an Intermediate-Level Natural-Resource Economics Course

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Author Info
Arthur Caplan

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Abstract

AIn this paper we provide several GAMS- and Excel-based resource-extraction models that can be used in an intermediate-level natural-resource economics course to numerically solve a host of exhaustible- and replenishable-resource problems, and thereby help verify the intuition and symbolic solutions provided in the textbook. The specific textbook from which the examples are drawn is Tietenberg (2003).

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File URL: ftp://repec.bus.usu.edu/RePEc/usu/pdf/ERI2004-10.pdf
File Format: application/pdf
File Function: First version, 2004
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Publisher Info
Paper provided by Utah State University, Department of Economics in its series Working Papers with number 2004-10.

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Length: 29 pages
Date of creation: May 2004
Date of revision:
Handle: RePEc:usu:wpaper:2004-10

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Find related papers by JEL classification:
A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques
Q22 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Fishery
Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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  1. Huck, Petra & Salhofer, Klaus, 2006. "Teaching sustainable resource management in uncertain environment," 2006 Annual meeting, July 23-26, Long Beach, CA 21451, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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