Canada-Chile meeting on the mathematics of economic geography and natural resource management (05w5103)

Arriving in Banff, Alberta Saturday, November 26 and departing Thursday December 1, 2005


(Université Paris-Dauphine)

(CMM, University of Chile)


The management of natural non-renewable resources - be it oil and mineral deposits, land, forestry and biodiversity, clean air and water - is quickly becoming the major international problem of the day. Some of the mathematics involved can be very problem-specific, but there are also some general issues which impact the whole field. There is the computation of economic equilibrium in situations which differ from the standard Arrow-Debreu model:
- equilibrium and optimization in the presence of uncertainty, particularly in cases when part of the information is acquired as one goes
- equilibrium in spatial economics, where agents are competing for the use of land.
- equilibrium in hedonic models, where goods are non-homogeneous, and are priced according to quality.
In each of these classes of problems, beside the classical theoretical problems such as existence and uniqueness there are major practical issues: computation of equilibrium, and identification of model parameters from equilibrium price. One is also interested in investigating how equilibrium arises in the first place, possibly by a process of evolution and/or learning.

The aim of this workshop is to share the experience of CMM and PIMS on these problems, and to constitute international teams of researchers which will investigate these issues in the long term.