Professor: Louis Hotte
Office hours: Monday 2:30-4:30pm FSS 9048

Themes:

1. Scarcity rent - Locational rent - Dynamic rent
2. A non-renewable resource
3. Institutions - Property rights - Exclusion - Enforcement - Conflict
4. Property rights - Right to sell
5. The open access fishery - The Gordon model
6. Property rights through the lens of game theory - The two-herder model of free access
7. A renewable resource - The fishery 
8. Open access, renewable resources, and the backward bending supply curve