Emilson Silva, PhD
My research investigates the design and implementation of environmental and energy policies in developed and developing economies. In my work, I build game-theoretical models to analyze the behavior of various economics agents, including industries, consumers and governments. I also attempt to test the various behavioral hypotheses that the theory generates with readily available or unique panel data sets. One of the areas of my future work is the oil and gas industry; in particular, I will study: (i) the various innovations that occur within this industry and in its competitors; (ii) the environmental impacts produced by oil and gas production; and (iii) local and federal policy making designed to stimulate production and divide the surplus. My future work will also involve combining theoretical and empirical findings in dynamic and stochastic general equilibrium models that go beyond economics - incorporating also engineering, ecology, chemistry and physics - in order to better understand and predict the interactions and dynamics of social, economic and natural systems in evolving environments in which much needed and scarce natural resources are depleted.
- Game Theory
- Environmental Economics
- Public Economics
- Industrial Organization
- Development Economics
- International Trade
Introduction to the theory and application of environmental economics and its role in management and policy-making. The course will cover development of a model of pollution control, evaluation of policy in this context, the setting of optimal environmental policies, and the application of these policies. Particular policies and practices implemented in North America will be examined. Prerequisite: BUEC 311 or ECON 281.
The economic theory of externalities is introduced and applied in a discussion of alternative policy instruments such as taxes, tradable permits, and regulatory standards which are used to deal with pollution. Topics include current environmental regulation issues such as climate change, water and air pollution and firm strategy. Extensions include an introduction to cost-benefit analysis and environmental impact assessment tools for project evaluation as well as a discussion of the economics of non-renewable resources. Prerequisite: BUEC 502 or 503. Not open to students with credit in BUEC 562.
Outlining the main schools of economic theory, macroeconomic tools and the effects of macroeconomic policy on business performance; reviewing decision-making processes of individual firms, as well as consumer behavior, price theory, marginal analysis, and forms of competition. Restricted to Executive MBA students only.