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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

Author

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  • Arthur Caplan

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).

Suggested Citation

  • Arthur Caplan, 2004. "Seeing is Believing: Simulating Resource-Extraction Problems with GAMS IDE and Microsoft Excel in an Intermediate-Level Natural-Resource Economics Course," Working Papers 2004-10, Utah State University, Department of Economics.
    • Handle: RePEc:usu:wpaper:2004-10
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    File URL: https://repec.bus.usu.edu/RePEc/usu/pdf/ERI2004-10.pdf
    File Function: First version, 2004
    Download Restriction: no
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    Cited by:

    1. Axelsen, Dan & Snarr, Hal W. & Friesner, Dan, 2009. "Teaching consumer theory to business students: an integrative approach," MPRA Paper 37249, University Library of Munich, Germany.
    2. 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).

    More about this item

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - 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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