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

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  • Stephenson, Kurt
  • Shabman, Leonard A.

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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Bibliographic Info

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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  1. Loomis, John & Kent, Paula & Strange, Liz & Fausch, Kurt & Covich, Alan, 2000. "Measuring the total economic value of restoring ecosystem services in an impaired river basin: results from a contingent valuation survey," Ecological Economics, Elsevier, vol. 33(1), pages 103-117, April.
  2. Daniel Bromley, 2004. "Reconsidering Environmental Policy: Prescriptive Consequentialism and Volitional Pragmatism," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 28(1), pages 73-99, May.
  3. 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.
  4. Spence, David B, 1999. "Managing Delegation Ex Ante: Using Law to Steer Administrative Agencies," The Journal of Legal Studies, University of Chicago Press, vol. 28(2), pages 413-59, June.
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