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The Contribution of Nonmarket Valuation to Policy: The Case of Nonfederal Hydropower Relicensing

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Author Info
Stephenson, Kurt
Shabman, Leonard
Abstract

The contribution of nonmarket valuation studies to decisions about the operation of nonfederal hydroelectric facilities is examined. Hydropower licensing reforms by the Federal Energy Regulatory Commission to better weigh market and nonmarket tradeoffs did not require or use nonmarket valuation. License negotiation processes are interpreted as a substitute for valuation.

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Paper provided by Southern Agricultural Economics Association in its series 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas with number 6823.

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Date of creation: 2008
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Handle: RePEc:ags:saeaed:6823

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Keywords: Resource /Energy Economics and Policy;

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Spence, David B, 1999. "Managing Delegation Ex Ante: Using Law to Steer Administrative Agencies," Journal of Legal Studies, University of Chicago Press, vol. 28(2), pages 413-59, June.
  2. Cropper, Maureen L., 2000. "Has Economic Research Answered the Needs of Environmental Policy?," Journal of Environmental Economics and Management, Elsevier, vol. 39(3), pages 328-350, May. [Downloadable!] (restricted)
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