Craig Bond

Photo of Craig Bond
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 choice, and applied welfare economics. His research interests span the environmental, natural resource, and agricultural economics fields. Bond is also a professor at the Pardee RAND Graduate School.

Bond has worked on 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.

Recently, he has been working on the effects of deep uncertainty and endogenous learning on optimal resource use, especially in systems that exhibit thresholds and/or irreversible dynamics. More broadly, this research program is focused on the effects of information regimes on behavior.

Bond earned his Ph.D. in agricultural and resource economics from the University of California, Davis, and served on the faculty of Colorado State University from 2005 to 2012.

Pardee RAND Graduate School Courses

Selected Publications

M. Arthur, C.A. Bond, and B. Willson, "Estimation of Elasticities for Domestic Energy Demand in Mozambique," Energy Economics, 34(2):398-409, 2012

D. Deisenroth, C.A. Bond, and J. Loomis, "The Economic Contributions of the Private Recreation-Based Aquaculture Industry in the Western United States," Aquaculture Economics and Management, 16(1):1-21, 2012

C.A. Bond, D. Hoag, and G. Kipperberg, "Agricultural Producers and the Envionment: A Stated Preference Analysis of Colorado Corn Producers," Canadian Journal of Agricultural Economics, 59:127-144, 2011

C.A. Bond and T. Iverson, "Modeling Information in Environmental Decision-Making," Western Economic Forum, 10(2):33-49, 2011

C.A. Bond, "On the Potential Use of Adaptive Control Methods for Improving Adaptive Natural Resource Management," Optimal Control Applications and Methods, 31:55-66, 2010

C.A. Bond, K. Giraud, and D. Larson, "Payment Schedules, Discount Rates, and Valuation of Public Goods," Ecological Economics, 68(11):2751-2759, 2009

J. Loomis, C.A. Bond, and D. Harpman, "The Potential of Agent-Based Modeling for Evaluating the Economic Efficiency of Adaptive Natural Resource Management," Journal of Natural Resources Policy Research, 1(1):35-48, 2009

C.A. Bond and J. Loomis, "Using Numerical Dynamic Programming to Compare Passive and Active Learning in the Adaptive Management of Nutrients in Shallow Lakes," Canadian Journal of Agricultural Economics, 57(4):555-573, 2009

Honors & Awards

  • 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
  • 2006 Gordon A. King Dissertation Award, Department of Agricultural and Resource Economics, University of California, Davis


  • 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