The Contribution of Nonmarket Valuation to Policy: The Case of Nonfederal Hydropower Relicensing

Kurt Stephenson and Leonard Shabman

No 6823, 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas from Southern Agricultural Economics Association

Abstract: The contribution of nonmarket valuation studies to decisions about the operation of nonfederal hydroelectric facilities is examined. Hydropower licensing reforms by the Federal Energy Regulatory Commission to better weigh market and nonmarket tradeoffs did not require or use nonmarket valuation. License negotiation processes are interpreted as a substitute for valuation.

Keywords: Resource /Energy Economics and Policy (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene
Date: 2008
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