Lecture handouts
Government policy handout 1 / handout 2
Market failure & Policy – Primary reading
Sloman et al (2012), chapter 11–12 [or Sloman and Wride (2009), ch 11-12]
Benkler, Yochai (2006), The Wealth of Networks, New Haven: Yale University Press
[full text pdf version available online]
Boyle, James (2008), The Public Domain: Enclosing the commons of the mind, New Haven: Yale University Press
[full text pdf version available online]
OFT (2009), Government in markets: Why competition matters – a guide for policy makers, Office of Fair Trading, September
Policy examples
Energy Saving Trust (2013), Feed-In Tariffs scheme (FITs), Energy Saving Trust, January
Home Office (2012), Alcohol pricing, homeoffice.gov.uk
Katz, I (2012), Obama Proving $418 Billion Bailout No Failure as GM Buys, Bloomberg, Dec 20th
Leftly, M (2013), EDF subsidy to put UK on nuclear path, The Independent, Mar 10th
Treanor, H (2012), Bank bailout loses taxpayers £23bn, The Guardian, Dec 31st
Background reading
Arnott, R and Small, K (1994), The economics of traffic congestion, Scientific American, Sept. – Oct.
Economist (2010), Congested roads: Bunged up, The Economist, Mar 15th
Litman, T (2011), Transportation Elasticities: How Prices and Other Factors Affect Travel Behavior, VTPI, Nov 6th
Other: Environment policy – ETS
Sloman et al (2012), chapter 12 [or Sloman and Wride (2009), chapter 12]
Griffiths, A and Wall, S (2007), Applied Economics (11th ed), Harlow: FT Prentice Hall – ch 10
European Commission (2010), Emissions Trading Scheme (EU ETS), EC Commissioner for Climate Action, Nov 15th
European Energy Exchange EU Emissions Allowance spot market
Costanza, R et al (2009), Beyond GDP: The need for new measures of progress?, The Pardee Papers, no. 4, January
Gowdy, J and Erickson, JD (2005), The approach of ecological economics, Cambridge Journal of Economics, v29, pp207-222
Environment policy background
Adam, D (2008), Q&A: The European emissions trading scheme, The Guardian, September 12th
Carrington, D (2011), Europe’s top industrial firms have a cache of 240m pollution permits, The Guardian, June 19th
Guardian (2011), Carbon tax and emissions trading: how countries compare, The Guardian, July 10th
Harvey, F (2011a), UK nets €1bn in carbon permit auctions, The Guardian, Feb 10th
Harvey, F (2011b), World Bank warns of ‘failing’ international carbon market, The Guardian, June 1st
Mansanet-Bataller, M et al (2010), The EUA-sCER Spread: Compliance Strategies and Arbitrage in the European Carbon Market, MISSION CLIMAT WORKING PAPER 2010-6 [pdf]
Nichols, W (2011), EU carbon trading emissions rise 3.5%, The Guardian, April 1st
Reuters (2012), EU politicians back plan to withhold CO2 permits, The Guardian, Feb 29th
