Craig Bond

Photo of Craig Bond
QA Manager, Forces and Resources Policy Center (FRP), National Security Research Division (NSRD); Senior Economist; Professor, Pardee RAND Graduate School
Washington Office


Ph.D. in agricultural and resource economics, University of California, Davis; M.S. in economics, Colorado State University; B.A. in economics, Frostburg State University


Craig Bond is an applied microeconomist who specializes in natural resource and environmental economics, including stochastic dynamic modeling, resource valuation, consumer and producer choice, and applied welfare economics.

While at RAND, he has led and participated in projects that span many topics, including risk in acquisitions, unit readiness, tour lengths, and the economic impacts of various potential events for the military. On the civilian side, he has worked on environmental and economic impacts of long-term changes along the Louisiana coast, the relationship between economic growth and environmental quality in Australia, and evaluating the technical transition of the Nation's telephone system to more modern technologies, among other projects.

Other research includes a diverse array of applied projects, including the optimal management of high elevation ecosystems in the American West, the economic impacts of invasive species, the economic contributions of aquacultural suppliers of recreational fish, and the economics of genetically-modified rice. Behavioral stated-preference studies have valued OHV recreation, Stellar sea lion habitat, attributes of irrigation technologies, high elevation forests, food attributes, and attributes of programs that pay for ecosystem services.

Methodologically, he has extensive experience with non-market valuation of ecosystem services, as well as panel data and discrete choice econometric methods, and has designed a number of choice-based experiments. His structural modelling work is focused on stochastic dynamic programming approaches to adaptive management planning and assessment and sustainability, as well as dynamic games, agent-based modelling, and other structural dynamic models of economies.

Pardee RAND Graduate School Courses

Recent Projects

  • Consortium for Resilient Gulf Communities
  • Economic Evaluation of Coastal Land Loss in Louisiana
  • Australia's Comparative Advantage: Implications of Australian Economic Growth for Environmental Quality
  • The Army's Local Economic Effects
  • Assessment of Possible Changes to Military Tour Lengths

Selected Publications

C.A. Bond, "Valuing Coastal Natural Capital in a Bioeconomic Framework," Water Economics and Policy, 2016 (forthcoming)

C.A. Bond, J.L. Lewis, H.A. Leonard, J. Pollak, C. Guo and B.D. Rostker, Tour Lengths, Permanent Changes of Station, and Alternatives for Savings and Improved Stability, RAND Corporation (RR-1034-OSD), 2016

V.A. Greenfield, K. Crane, C.A. Bond, N. Chandler, J.E. Luoto and O. Oliker, Reducing the Cultivation of Opium Poppies in Southern Afghanistan, RAND Corporation (RR-1075-DOS), 2015

C.M. Schnaubelt, C.A. Bond, F. Camm, B.E. Lachman, L. McDonald, J. Mele, P. Ng, M. Smith, C. Sutera, and C. Skeels, The Army's Local Economic Effects, RAND Corporation (RR-1119-A), 2015

C.A. Bond, J. Pollak, B.D. Rostker, and C. Yoon, The Likely Effects of Price Increases on Commissary Patronage: A Review of the Literature, RAND Corporation (RR-835-OSD), 2015

Y.H. Farzin and C.A. Bond, "Does Political Ideology Matter for Environmental Quality Outcomes?" Environmental Economics, 5(2):14-31, 2014

J. Meldrum, P. Champ., and C.A. Bond, "Heterogeneous Nonmarket Benefits of Managing White Pine Blister Rust in High Elevation Pine Forests," Journal of Forest Economics, 19:61-77, 2013

D. Deisenroth, J. Loomis, and C.A. Bond, "Using Revealed Preference Behavioral Models to Correctly Account for Substitution Effects in Economic Impact Analysis," Journal of Regional Analysis and Policy, 43(2):157-169, 2013

Honors & Awards

  • 2015 Spotlight on Innovation Award, RAND Corporation
  • 2012 Outstanding Research Award, College of Agricultural Sciences, Colorado State University
  • 2009 Charles N. Shepardson Faculty Teaching Awards, College of Agricultural Sciences, Colorado State University


  • The San Antonio Reservoir, near San Francisco, California

    Creating a Smart Market for California Water

    A smart market approach could reduce the transaction costs of trading water in California, allow the price of water to better match its value, and bring that value to the state.

    Sep 13, 2015 Orange County Register