Schedule Spring 2008: PA395-Valuing Common Assets for Public Finance
Date Topic Reading Due Homework
Part One – Literature review of common assets worldwide  

Read Capitalism 3.0
State of the Commons
Commons Rising

by Jan.29th
on Syllabus

 

Jan 15

1) Intro to Course


2) Discussion:What is the Commons?
A) History of Commons
B) History of Enclosure
C) What is economic rent-Ricardo, Quesnay, Paine, George, Mill?

  For next week: Group research and summary of topics A, B, C
Jan 22

1) Group research and summary of topic A, B, C

2) Lecture-Economic Rent-Farley

Use reference list or others

HW due: Group summary of topic A, B, C

For next week: Contemporary case studies on commons topics.water, CO2, fisheries and wildlife, land?, DNA, forests, minerals, seignorage, spectrum, financial markets, internet, etc.
ex: Chochibamba
Jan 29

1) Present survey of existing commons management case studies

2) Lecture Ostrom? Governing the Commons.

Case studies: water, CO2, fisheries and wildlife, land?, DNA, forests, minerals, seignorage, spectrum, financial markets, internet, etc.

HW due: Present case studies/prelimiinary lit review

For next week: Choose a chapter of Capitalism 3.0. Prepare a summary ppt 5min

Feb 5

1) Capitalism 3.0 summary

2) State of the Commons
3) Commons Rising

 

HW due: PPt Summary of Capitalism 3.0 chapter

For next week: Final Summary of literature on topic of choice

Part Two – Research on specific common asset topic: Current Status in Vermont      
Feb 12

2) Intro to trusts and trust law. S.44, RGGI, Maine proposal, etc.

Wally Malley on Public Trust Doctrine for waterways

Public Trust Case online Feb. 12 class notes

Reading on Waterfront case

 

Feb 19

Jon Groveman on VNRC Public trust efforts for water

Cap 3.0 Chapter 8,9,10 plus Cap/Dividend-Barnes

VT Common Assets Trust (S.44)-ppt

2 Groundwater Public Trust documents Feb. 19 class notes

Due:
1) Reading on groundwater
2) Submit 5 reflections

3) Select topic for research. Pick an asset to research in Vermont. Send email to Amos and Gary to confirm no overlap

 

Feb 26

Report on Literature review for current status of your topic in Vermont.

State of the Commons
Commons Rising

Explanation of why collecting economic rent doesn't increase prices like taxes do.

Read Literature on your topic of choice to find current status

HW due: Preliminary literature review on your topic of choice for Vermont. What is the current status of the asset? Privatized? Public? state? open access? No owner? etc. Read background material. Where are the sources? Where will you find information?

Check Green Tax page:
http://www.uvm.edu/~gflomenh/GRN-TAX-VT-PA395/

For next week: Continue research on status of your asset. Get financial and management information

March 4 Report on Findings of Status of asset  

HW due: Report Findings on status of your asset.

FOR MARCH 18TH: Background paper on Common Asset topic in Vermont. Please answer 2 questions:

  1. What is the current status of rent payment for the asset?
  2. What is the management structure?

Minimum 5 pages, double spaced font 12 or less.1" margins.

Part Three – Quantification of natural and social common assets revenue in Vermont (economic rent)      
March 11 SPRING BREAK SPRING BREAK SPRING BREAK
March 18

Report findings from report verbally, no ppt.

1) intro to valuation

Report findings on resource investigated.

Will-Spectrum
Ian-minerals
Conor-land
Susan-wind power
Mark-forests
Elliot-surface waters
Colin-groundwater
Ida-internet
Ross-fish&wildlife
Beth-carbon trading
Jennifer-CO2/RGGI-transport, energy

Jamie-Public Trust

 

Missing:
Money
financial speculation/liquidity

HW due: Background paper due on current status of Common Asset topic in Vermont

Minimum 5 pages, double spaced font 12 or less.1" margins.

For next week

March 25 Calculating economic rent and Valuation What is valuation?-Amos, Josh-How to calculate?

Submit final copy of Paper One on Current public revenue and management structure for Commons.

April 1   Dave Farsworth RGGI

 

Part Four – Submission of papers to peer reviewed journals, and policy recommendations for use of common assets for public revenue and resource conservation in Vermont  

 

 
April 8 2) Intro to trusts and trust law. S.44, RGGI, Maine proposal, etc.

George Gay-wildlife

 

 

For next time:

April 15    

 

April 22  

Mark Langan
<mlangan@DINSE.COM>
Review trusts and trust law

Due: paper of Findings on valuation of potential VT common assets

April 29-last class Tentative date for testimony  

ppt presentations practice

May 6-exam week Final presentation Montpelier Library 6:30-8:30PM   Final ppt presentation