Dr. Hanemann’s research
interests include non-market valuation, environmental economics and
policy, water pricing and management, demand modeling for market
research and policy design, the economics of irreversibility and
adaptive management, and welfare economics. His work has appeared
in AER, Econometrica, JEEM,
AJAE, and elsewhere.
ECON 162 - Economics of Water Resources (3 units) Two hours of
lecture and one hour of discussion per week. Prerequisites: ENV ECON
100 or ECON 100A or 101A; ENV ECON 101 also recommended. Urban
demand for water; water supply and economic growth; water utility
economics; irrigation demand; large water projects; economic impacts of
surface water law and institutions; economics of salinity and drainage;
economics of groundwater management.
262. Nonmarket Valuation. Prerequisite:
Ph.D. level economic theory or consent of instructor. The economic
concept of value; historical evolution of market and nonmarket
valuation; revealed preference methods: single site demand, multisite
demand, corner solution models, and valuation of quality changes;
averting behavior; the hedonic method; contingent valuation; other
stated preference methods: ranking, choice, conjoint analysis; the
value of life and safety; sampling and questionnaire design for
298. Empirical Project. In
their second year, students are required to conduct an empirical
project in consulation with a faculty advisor. This project draws on
material learned in ARE 212 and ARE 213 to address a question of
substantial economic interest. Particular emphasis is placed on the
development of an interesting research question; formulation of a
consistent economic model; and on building strong connections between
the predictions generated by theory and tested using the tools of
econometrics. Resulting papers are presented in one or more seminars,
and are evaluated, in part, by the student's peers.
J., Michael Hanemann, Javier Calatrava, and Javier Uche. "The Rise and Fall of
The Ebro Water Transfer," Forthcoming ,
Natural Resources Journal.
(2006) The economic
conception of water, In: Water Crisis: myth or
reality? Eds. P.P. Rogers, M.R. Llamas, L. Martinez-Cortina, Taylor
& Francis plc., London (www.tandf.co.uk or
S.M., W. Michael Hanemann, and Robert N. Stavins, “Do Consumers React to
the Shape of the Supply? Water Demand under Heterogeneous Price
Structures,” under review American
Hoffmann, S. A. and W. Michael Hanemann, "Torts and the
Protection of "Legally Recognized Interests," under review
Journal of Law and Economics
W., et al. "Group
Decisions: Analyzing Decision Strategy and Structure in Households,"
submitted, Marketing Letters.
Narain, U., Michael Hanemann, Anthony Fisher. October,
2004. "The Temporal
Resolution of Uncertainty and the Irreversibility Effect,"
submitted, International Economic Review.
Hanemann, W.H. October, 2004. "The
Impact of Global Warming on U.S.
Agriculture: An Econometric Analysis of Optimal Growing
Sethi, G., et al.
October, 2004. "Fishery
Managment Under Multiple Uncertainty," forthcoming ,
Hanemann, W.H. 2004. "Consumer
Demand with Several Linear Constriants: A Global Analysis," To
appear in the forthcoming book, Contributions in Environmental
Economics in Honour of Karl-Gustaf Lofgren, Thomas Aronson and
Runar Brannlund (eds.)
Hayhoe, K., et al. 2004. "Emissions Pathways, Climate Change, and
Impacts on California," Proceedings of the
Academy of Sciences of the United States of America (PNAS) August
2004; 101 (34).
Schlenker, W., W. Michael Hanemann, and Anthony
C. Fisher. "Will U.S. Agriculture Really
Benefit from Global Warming? Accounting for Irrigation in the
Hedonic Approach," American Economic Review
Carson, R.T., et al. 2003. "Contingent Valuation
Passive Use: Damage from the Exxon Valdez Oil Spill," Environmental
and Resource Economics 25: 257-286.
Li, C-Z., K-G. Lofgren, and M. Hanemann. 2002. "Real versus Hypothetical
Willinigness to Accept.: the Bishop and Heberlein Model Revisited,"
in Bengt Kristrom, Partha Dasgupta and
Karl-Gustaf Lofgren (eds) Economic
Theory for the Environment: Essays in Honour of Karl-Goran Maler,
Edward Elgar, pp. 205-218.
Krosnick, J.A., et al. 2002. 'The Impact of "No Opinion'
Response Options on Data Quality-Non Attitude Reduction or an
Invitation to Satisfice?" Public Opinion Quarterly
Swait, J., et al. 2002. "Context
Dependence and Aggregattion in Disaggreate Choice Analysis,"
Marketing Letters 13(3):
J., W.M. Hanemann and G. Signorello. "One-and-One Half Bound
Dichotomous Choice Contingent Valuation," Review of
Economics and Statistics 84(4): 742-750, 2002.
Chapman, D.J. and W. Michael Hanemann. "Environmental
Damages In Court: The American Trader Case," In Anthony Heyes' (ed) The Law and Economics
of the Environment, pp. 319-367, 2001.
2000. "Adaptation and
its Measurement," Climate Change 45:571-581.
Wegge,T., W. Michael Hanemann, and John Loomis. 1996. "Comparing
Benefits and Costs of Water Resource Allocation Policies for
California's Mono Basin," in Advances
In The Economics of Enviornmental Resources, (ed.) Darwin C. Hill,
Volume 1, 1996, Marginal Costs Rate Desgin and Wholesale Water Markets.
The Central Arizona
W. Michael Hanemann.
of Agricultural & Resource Economics, Giannini Foundation Library
-Working Paper No. 937, October 2002.
Muffled Price Signals:
Household Water Demands Under Increasing-Block Prices.
Sheila M., W. Michael Hanemann and R.N. Stavins.
Fondazione Eni Enrico Mattei -Working Paper 40, February 2002.
Analysis of Discrete-Response CV Data.
W. Michael Hanemann and Barbara Kanninen.
Department of Agricultural & Resource Economicss, Giannini
Foundation Library-Working Paper No. 798, December 1998.
Economic Analysis in Policy Evaluation,
Damage, Assessment and Compensation: A Comparison of Approaches.
W. Michael Hanemann and Andrew G. Keeler.
of Agricultural and Resource Economics, Giannini Foundation
Library-Working Paper No. 766, May 1996.
For further information email Dr. Hanemann
California Climate Change Center at UC
the PNAS paper on Climate Change Impacts in California 8/17/04
pathways, climate change, and impacts on California
2nd World Congress of
Environmental and Resource Economists, 2002
last edited: 28 January 2009