Summary Environmental and Transport Economics - Complete Lecture Notes & Practice Exam | VU Amsterdam | 2024/2025
Comprehensive lecture notes, graphical models, and mock exam solutions for Environmental and Transport Economics, covering advanced microeconomic applications to transport and environmental policy. Key Topics Covered: Traffic Congestion & Road Pricing: First-best and second-best pricing, marginal external costs (MEC), capacity policies, pay-lanes, and public vs. private road supply. Value of Time (VoT) & Discrete Choice Models: Random utility theory, logit models, and empirical estimation using revealed preference (RP) and stated preference (SP) data. Market Power & Network Economics: Economies of scale and scope, hub-and-spoke networks, contestable markets, price discrimination, and regulatory dilemmas in aviation and rail. Cost-Benefit Analysis (CBA): Net present value (NPV), discounting, the "rule of half" for network changes, and wider economic effects. Optimal Pollution Control & Tradable Permits: Pigouvian taxation, marginal abatement costs (MAC) versus marginal damages (MD), cost-effectiveness, and uniformly vs. non-uniformly mixing pollutants. Integrated Assessment Models (IAMs) & DICE: Cost-benefit frameworks of climate change, the Social Cost of Carbon (SCC), discounting, Ramsey growth models, and the pure rate of time preference debate (Nordhaus vs. Stern). Carbon Leakage & Technical Change: Pollution haven and energy market channels, carbon leakage rates (CLR), and induced technical change. Exhaustible Resources & Hotelling's Rule: Non-renewable resource extraction, scarcity rents, property rights, and the Green Paradox.
Document information
- Study
- Economie en Bedrijfseconomie
- Uploaded on
- October 13, 2026
- Number of pages
- 59
- Written in
- 2024/2025
- Type
- Summary
