Models and Frameworks

Vikram Dayal

Chapter Chapter 2 in The Environment in Economics and Development, 2014, pp 19-30 from Springer

Abstract: 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.

Keywords: Models; Optimization; Game theory; Differential equation; Causality; Statistical (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-81-322-1671-1_2

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DOI: 10.1007/978-81-322-1671-1_2

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