Tag Archives: Daniel J. Phaneuf

The Social Cost of Water Pollution

The most recent issue of Land Economics, a special issue entitled “Integrated Assessment Models and the Social Cost of Water Pollution,” is now available. The papers in this issue stem from a 2019 workshop organized by David Keiser, Catherine L. Kling, and Daniel J. Phaneuf. Read an excerpt from the introduction to the issue, written by the organizers.

The eight papers in this issue were presented at a workshop titled Integrated Assessment Models and the Social Cost of Water Pollution. The event took place on April 3–5, 2019, at Cornell University. This was the second annual workshop, part of an ongoing effort to understand how changes in water quality affect society, with the ultimate goal of providing estimates of the “social costs” of water pollution that are useful for policy analysis across broad spatial scales. This requires moving beyond economic case studies, emphasizing instead multidisciplinary research operating at large spatial scales and involving economists, ecologists, hydrologists, and related disciplines. It also requires coordination with state and federal agencies, NGOs, and other stakeholders to provide tools that have both scientific rigor and practical usefulness. The workshop brought together academic economists, ecologists, hydrologists, and agricultural engineers; agency scientists and policy experts; individuals from private sector institutes; and students to hear talks, participate in discussions, and build foundations for future collaborations.

The reference to integrated assessment models (IAMs) in the workshop title serves to emphasize the scale of ambition for this research community. An IAM is a collection of modules that individually describe the components of a complex system and work together to understand how the overall system works. Disciplinary specialists contribute their own expertise to build the IAM components and also cooperate with other researchers to assure that the components are compatible. Estimating the social costs of water pollution involves linking the sources of water pollution with their fate and transport in waterways, their impact on downstream ecosystem services, and changes in economic value or costs among affected populations. This requires the expertise of hydrologists, ecologists, and economists, respectively.

The specific papers are examples of progress to date. They include a mix of IAMs focused on predicting the economic benefits from improved water quality, IAMs looking at the costs of achieving pollution reduction objects, and studies that explore specific components needed for integrated assessment. The applications span locations and spatial scales, such as iconic water bodies and their surroundings (Chesapeake Bay and the Great Lakes), a state-level analysis focused on Michigan, a river basin scale application to the Republican River in Kansas/Nebraska, individual watersheds in Illinois, Massachusetts, and Minnesota, and a nationwide application. Collectively the studies illustrate the range of research tasks, challenges, and products that define the agenda of research on the social costs of water pollution.

To learn more, browse the table of contents and read the open access article “Including Additional Pollutants into an Integrated Assessment Model for Estimating Nonmarket Benefits from Water Quality” by Robert Griffin, Adrian Vogl, Stacie Wolny, Stefanie Covino, Eivy Monroy, Heidi Ricci, Richard Sharp, Courtney Schmidt, and Emi Uchida.

Land Economics Journal Welcomes New Editor

Daniel J. Phaneuf

When Daniel W. Bromley assumed the editorship of Land Economics in 1974, the journal had just celebrated fifty years of continuous publication. Bromley is the Anderson-Bascom Professor (Emeritus) of Applied Economics at the University of Wisconsin–Madison and recipient of the 2011 Reimar Lüst Prize from the Alexander von Humboldt Foundation. Under Bromley’s leadership, the journal has flourished as a forum for scholarship on the economic aspects of natural and environmental resources. Now, forty-four years later, as Land Economics approaches its centennial, Bromley will pass the baton to Daniel J. Phaneuf.

Phaneuf is the Henry C. Taylor Professor of Agricultural and Applied Economics at the University of Wisconsin–Madison. He boasts an impressive editorial resume, having served as the inaugural editor in chief of the Journal of the Association of Environmental and Resource Economists (JAERE) and the managing editor of the Journal of Environmental Economics and Management. He is the president-elect of the Association of Environmental and Resource Economists.

In his first “From the Editor” feature, which will appear in Land Economics volume 94 number 3 this July, Phaneuf expresses the ambition “to maintain the journal’s emphasis on empirical and pol­icy-relevant research in the field, while con­tinuing to expand its readership and author community to include broader swaths of re­searchers in the profession.” He continues, “My early emphasis will be on increasing the journal’s visibility, circulation, and overall impact—tasks for which I will call on current authors, readers, and reviewers for assistance and sug­gestions.” Phaneuf notes that he does not anticipate making any changes in the journal’s scholarly focus or the way it is managed.

Land Economics was established in 1925 by Richard T. Ely, founder of the American Economic Association, at the University of Wisconsin. (For more on Ely’s legacy, including the story of how he was tried as a socialist and anarchist in 1894, leading the UW Board of Regents to issue a groundbreaking defense of academic freedom, see this article.) Today, the articles in Land Economics contribute crucial knowledge to discussions of scholarly and public policy topics. The journal publishes research related to environmental quality, natural resources, housing, urban and rural land use, transportation, and other areas in both developed and developing country contexts.