Craig replaced Tim and John at ECU, all by himself (ECU News):
Five-year Achievement Awards
Gaining a better understanding
Craig E. Landry
Associate professor of economics
Thomas Harriot College of Arts and Sciences
A faculty member at ECU since 2004, Craig Landy’s research focuses primarily on environmental and natural resource economics, non-market valuation, experimental economics, and coastal resource management. Read more...
This is from the Q&A:
Q: How would you describe your area of research? What are environmental and natural resources economics?
Environmental and natural resource economics applies principles of economics to aspects of environmental quality and natural resource management. The use of tradable pollution permits and taxes to improve environmental quality at lower monetary costs is a major contribution of environmental economics, while natural resource economics has proposed similar approaches to the management of resources like fisheries.
My areas of expertise include non-market valuation, experimental economics, individual and community decision-making under risk and uncertainty and applied econometrics. Non-market valuation is an area of research that attempts to estimate the economic value of goods and services (such as water quality, air quality, proximity to amenities and presence of risks) that are not traded in conventional markets; these values are used prominently in cost-benefit analysis of resource management projects.
Experimental economics involves systematic generation of data on decision making with greater control over decision parameters and salient (usually monetary) incentives. Decision-making under risk and uncertainty is theoretically based empirical analysis of behavior under risk, with my focus on risk of flooding, storm, and erosion; this type of analysis helps us understand the determinants of self-protecting behavior and assess the efficacy of existing and potential protective institutions and programs (like insurance, information, mitigation funding, technical assistance, etc.)
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Q: What research are you conducting now?
[delete the boring stuff]
I also received an N.C. Sea Grant project to examine economic values of coastal erosion management focusing on not only beach replenishment, but also shoreline armoring and coastal retreat. (North Carolina Sea Grant: “Economic Values of Coastal Erosion Management;” Landry, principal investigator with John Whitehead; $129,035, $77,448 from sponsor, $59,778 to ECU).
I just received the paperwork from ASU so, I guess, it is time to reread the proposal to see what we promised to do!
