Introduction to the Department
Welcome to the Economics Department at the University of Calgary. Our department is among the top research-oriented departments in the country. Faculty members have expertise in a broad range of fields but we are best known for our work on Energy, Environmental and Natural Resource Management; Behavioral and Experimental Economics; Health; Industrial Organization; Institutions and Growth; International Trade; Money and Banking and Public Finance.
Latest Department Working Papers
Using Collaborative Bargaining to Develop Environmental Policy when Information is Private
by Christopher Bruce and Jeremy ClarkIn many cases governments invite interest groups to use collaborative bargaining to resolve environmental conflicts. If the parties fail to reach agreement, the government threatens to impose a backstop policy. Bargaining models have predicted that any agreements will be influenced, variously, by self-interest, equity, or entitlement (to the status quo). Although most such models assume that the...
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Introduction to Macroeconomic Dynamics Special Issue on Oil Price Shocks
by Apostolos Serletis and John ElderThis special issue of Macroeconomic Dynamics is devoted to papers that use recent advances in macroeconometrics and financial econometrics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.
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The Norwegian Winter Herring Fishery: A story of technological progress and stock collapse
by Daniel Gordon and Rognvaldur HannessonIn the 1970s, the herring stocks in the Northeast Atlantic were nearly fished to extinction. This collapse is usually attributed to technological advances. We investigate the impact of technological shocks on herring stocks and the sensitivity of catch to stock size and technological shocks. We present evidence that the power block was the principal factor in the demise of the herring stock. Our...
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