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
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 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.
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