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Economics Faculty

Economics Faculty

Econ Faculty welcomes you!

Graduation 2015

Graduation 2015

Spring Graduation 2015

Department of Economics

Welcome Letter from the Chair

Graduate Seminar Schedule

Department News

March 2017

Dr. Robert Berrens, Dr. Brady Horn, and Dr. Bern Dealy (former UNM PhD student) had their paper, “The Impact of Clandestine Methamphetamine Lab Discovery and Decontamination on Property Values: Discovery, Decontamination and Stigma.” accepted for publication in the Journal of Urban Economics.

Dr. Robert Berrens and Dr. Benjamin Jones had their co-authored article, "Contingent Valuation and the Policymaking Process: An Application to Used Nuclear Fuel in the United States" (Carlson et al., 2016),  selected as best article published in the Journal of Benefit-Cost Analysis in 2016.

Dr. Benjamin Jones had his article, “Health Impacts of Invasive Species Through an Altered Natural Environment: Assessing Air Pollution Sinks as a Causal Pathway,”co-authored with former UNM faculty member Dr. Shana McDermott, accepted at Environmental and Resource Economics.

Dr. David Dixon was interviewed by the Daily Lobo last month.

February 2017

David Brookshire and Rich Bernknopf along with UNM Phd alumni Craig Broadbent, had their paper, "A Conceptual Market Framework for Water Bound Nitrate Pollution", accepted in the International Journal of Water Resources Development.

Robert Berrens along with his UNM co-authors in Civil Engineering (Amir Jasafari and Vanessa Valentin), had a paper, "The Economic Value of Energy Performance Improvements in the US Residential Housing Market", accepted in the Journal of Construction Engineering and Management.

Robert Berrens and Ben Jones were both appointed as affiliated faculty in the National Institute for Risk and Resilience, at the University of Oklahoma.

Mani Nepal, Aspara Nepal (former UNM grad students) and Robert Berrens had their paper, "Where gathering firewood matters: Proximity and forest management effects in hedonic pricing models for rural Nepal" accepted in the Journal of Forest Economics.

Professor of Practice, John Fleck with an interview today on "Here and There, with Dave Marash":

January 10, 2017

Janie Chermak had an interview with Dave Marash on "Here and There".  You can listen to it at this link:

January 10, 2017

Congrats to Benjamin Jones! He had a single-author paper accepted for publication at Ecological Economics entitled: “Invasive Species Impacts on Human Well-Being Using the Life Satisfaction Index”.

January 4, 2017

Congrats to Benjamin Jones! He had a single-authored article accepted for publication in the International Journal of Public Health (impact factor 2.754) entitled: “The Social Health Costs of Uranium Mining in the US Colorado Plateau Cohort, 1960-2005”.

January 2, 2017

Congrats to Dave Dixon! Along with his co-authors (P. Mozumder and W. Vasquez - a couple of UNM PhD graduates), Dave had an article " Heterogeneity within and across households in hurricane evacuation response" accepted for publication in Networks and Spatial Economics

January 3, 2017

Congrats to Sarah Stith! She had an article accepted, which as just come out as the featured article at Journal of Economics and Management Strategy. See the Q&A with Sarah at:

Graduate Seminars

All Seminars are located in the Economics Dept, Room 1002 from 2:30p - 4:00p. Speakers and dates are subject to change.

Dr. Jason Hansen
March 24, 2017

Building the Cellulosic Biofuels Industry through Risk Analysis and Integrated Land Management

The cellulosic biofuels industry, as opposed to the starch ethanol industry, is off to a rough start. Three pioneer plants have started operation in the last few years, one of which closed abruptly after scarcely 10 months in operation. The literature recognizes feedstock risks, unstable returns, and limited performance benchmarks as primary barriers impeding industry expansion. This presentation will discuss two areas of research ongoing at the Idaho National Laboratory that are aimed directly at overcoming these barriers.

“Quantifying Supply Risk at the Cellulosic Biorefinery” is a paper, with co-authors X. Zhao, W. Tyner (Purdue), S. Nair (INL), that quantifies the impact of feedstock variability on the minimum fuel selling price (MFSP). The novel feature of this paper is that it focuses on the tradeoff in cost and risk at the cellulosic biorefinery. The modeling approach quantifies uncertainty in feedstock price, availability, and quality, where corn stover is the biomass feedstock. A techno-economic model is built to incorporate feedstock procurement and conversion. Then Monte Carlo simulations translate uncertainties in yield, stover price, ash content, and moisture content to the minimum fuel selling price. Results show that not accounting for variability in feedstock attributes underestimates the MFSP. We show that over-contracting by 10% can minimize the MFSP.

“Enabling Sustainable Landscape Design” where INL, and collaboration partners from Purdue University, Penn State University, Oak Ridge National Laboratory, and industry partners Antares Group and AgSolver, investigate how to make simulated solutions real-world realities. Many types of analyses have demonstrated that significant biomass resource potential waits to be mobilized, or made available for cellulosic biofuels production, in the United States. Researchers on this project work with Iowa corn growers to implement simulated best practices for the purpose of validating simulated model results and validating the potential in integrated landscape design. The idea is to convert marginal crop lands to bioenergy production in a way that maximizes farm-level profitability whilst simultaneously improving environmental quality. The research recently started so this part of the presentation overviews the project.