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Models and Frameworks

In: The Environment in Economics and Development

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  • Vikram Dayal

    (Institute of Economic Growth)

Abstract

I discuss theoretical and empirical models used in environmental economics in a basic manner. I discuss constrained optimization models with an example of a non-renewable resource that is depleted over two periods. I then briefly look at models that use game theory and differential equations. In the discussion of regression models, I use the idea of a causal graph to help distinguish between association and causality. I then briefly set out the institutions and development framework of Elinor Ostrom. I conclude with a framework for thinking about diverse models—both theoretical and statistical.

Suggested Citation

  • Vikram Dayal, 2014. "Models and Frameworks," SpringerBriefs in Economics, in: The Environment in Economics and Development, edition 127, chapter 0, pages 19-30, Springer.
    • Handle: RePEc:spr:spbchp:978-81-322-1671-1_2
    DOI: 10.1007/978-81-322-1671-1_2
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