Craig A. 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 at the RAND Corporation who specializes in natural resource and environmental economics, including stochastic dynamic modeling, resource valuation, consumer and producer choice, and applied welfare economics. He is also a professor at Pardee RAND Graduate School.

He has led and participated in RAND projects that span many topics, including resilience issues, recovery planning, valuation of ecosystem services and green infrastructure, environmental and economic impacts of long-term changes along the Louisiana and Florida coasts, and isssues related to public utilities. He has also worked on risk in acquisitions, unit readiness, and issues surrounding PCS moves, among others.

Past 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 include 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 focuses on stochastic dynamic programming approaches to adaptive management planning and assessment and sustainability, as well as other economic modelling applications.

Pardee RAND Graduate School Courses

Recent Projects

  • Western Balkans Transportation
  • Puerto Rico Recovery Plan
  • Valuing the Resilience Dividend
  • Consortium for Resilient Gulf Communities
  • Economic Evaluation of Coastal Land Loss in Louisiana

Selected Publications

Finucane, M.L., M.J. Blum, R. Ramchand, A.M. Parker, S.Nataraj, N. Clancy, G. Cecchine, A. Chandra, T. Slack, G. Hobor, R.J. Ferreira, K. Luu, A. Lesen, and C.A. Bond, "Advancing Community Resilience Research and Practice: Moving from “Me” to “We” to “3D”," Journal of Risk Research, 2019

C.A. Bond, "Valuing Coastal Natural Capital in a Bioeconomic Framework," Water Economics and Policy, 3(2), 2017

Groves, D.G., D. Knopman, N. Berg, C.A. Bond, J. Syme, and R.J. Lempert, Adapting Land Use and Water Management Plans to a Changing Climate in Miami-Dade and Broward Counties, Florida. , RAND Corporation (RR-1932-MCF), 2018

Hansen, K., E. Duke, C.A. Bond, M. Purcell, and G. Paige, "Rancher Preferences for a Payment for Ecosystem Services Program in Southwestern Wyoming," Ecological Economics, 146, 2018

Bond, C.A., A. Strong, N. Burger, S. Weilant, U. Saya and A. Chandra, Resilience Dividend Valuation Model: Framework Development and Initial Case Studies, RAND Corporation (RR-2129-RF), 2017

Barnes, S.R., C. Bond, N. Burger, K. Anania, A. Strong, S. Weilant, and S. Virgets, "Economic Evaluation of Coastal Land Loss in Louisiana," Journal of Ocean and Coastal Economics , 4(3), 2017

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

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, 2013

Honors & Awards

  • 2016 Bronze Medal Award, RAND Corporation
  • 2015 Spotlight on Innovation Award, RAND Corporation
  • 2012 Outstanding Research Award, 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