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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.

Suggested Citation

  • Stephenson, Kurt & Shabman, Leonard A., 2008. "The Contribution of Nonmarket Valuation to Policy: The Case of Nonfederal Hydropower Relicensing," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6823, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaed:6823
    DOI: 10.22004/ag.econ.6823
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    References listed on IDEAS

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    1. 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 413-459, June.
    2. Kurt Stephenson & Leonard Shabman, 2001. "The Role of Nonmarket Valuation in Hydropower Relicensing: An Application of a Pattern Modeling Approach," Journal of Economic Issues, Taylor & Francis Journals, vol. 35(2), pages 497-504, June.
    3. Michael R. Moore & Elizabeth B. Maclin & David W. Kershner, 2001. "Testing Theories of Agency Behavior: Evidence from Hydropower Project Relicensing Decisions of the Federal Energy Regulatory Commission," Land Economics, University of Wisconsin Press, vol. 77(3), pages 423-442.
    4. Daniel Bromley, 2004. "Reconsidering Environmental Policy: Prescriptive Consequentialism and Volitional Pragmatism," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 28(1), pages 73-99, May.
    5. 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.
    6. 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.
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