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The European Association of Environmental and Resources Economists (EAERE), the Fondazione Eni Enrico Mattei (FEEM) and the Venice International University (VIU) are pleased to announce their annual European Summer School in Resource and Environmental Economics for postgraduate students.

The School will take place from the 3^rd to the 9^th of July at the VIU campus on the Island of San Servolo, in Venice, located just in front of Piazza San Marco.

The theme of this year's Summer School is Welfare Measurement and Cost Benefit Analysis in Dynamic General Equilibrium. One of the School’s major purposes is to derive exact welfare measures in imperfect market economies and compare them with their counterparts in a first best equilibrium. Using numerical analysis, an attempt is made to pass from theory to practical application by measuring the empirical importance of market imperfections. Such analysis provides the tools for examining whether ‘real life’ approximations of the welfare contribution of external effects, such as information collected by using the willingness-to-pay method, actually captures true and accurate values. Finally, the School addresses the theory of cost–benefit analysis, in terms of environmental and other public policies, in dynamic general equilibrium models.

The aims of the EAERE-FEEM-VIU Summer School are:

(i) to provide advanced training for postgraduate students in Environmental and Resource Economics by bringing together postgraduate students with leading researchers to teach the latest developments in their field of specialisation;

(ii) to allow postgraduate students to meet other postgraduate students working in closely related topics to both learn what research is being undertaken elsewhere that they might not otherwise be aware of, and to share experiences of doing research so that they can learn about different methodological approaches, data bases etc which might be useful in their own research.