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This lecture on Environmental Economics is for non-economists interested in socio-environmental science. It is one in a series of lectures by SESYNC visiting economists, Drs. Lisa Wainger and Doug Lipton. In this lecture, Dr. Doug Lipton discusses applying basic valuation methods and the fundamental principles of “willingness-to-pay” to the environment, and the challenges of modeling this valuation philosophy empirically. Using supply and demand methodology in the oyster farming business, and taking into account environmental factors like pollution, Lipton explains how to calculate both the net benefits (consumer surplus) and negative impacts (lower supply) to producers and consumers.
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About the Presenters
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Doug Lipton
Dr. Doug Lipton is the Senior Research Scientist for Economics at NOAA Fisheries. In this role, he provides leadership and guidance to the economic and social science enterprise across the agency. In this role, he advises NOAA senior leadership on the conduct and interpretation of economic and social science analyses that impact agency policies. Areas of interest include commercial fisheries analysis, recreational fisheries economics, non-market valuation of marine resources, and aquaculture economics.
Most of his research and extension work has focused on valuation of benefits related to...
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Doug Lipton
Dr. Doug Lipton is the Senior Research Scientist for Economics at NOAA Fisheries. In this role, he provides leadership and guidance to the economic and social science enterprise across the agency. In this role, he advises NOAA senior leadership on the conduct and interpretation of economic and social science analyses that impact agency policies. Areas of interest include commercial fisheries analysis, recreational fisheries economics, non-market valuation of marine resources, and aquaculture economics.
Most of his research and extension work has focused on valuation of benefits related to improvements in water quality and the economics of ecosystem-based fisheries management with specific application to the Chesapeake Bay. His current focus is on integrating economics with ecosystem-based fisheries modeling approaches. He has conducted local and international research on the economics of finfish and shellfish aquaculture in extensive, intensive, and multi-trophic production systems. Lipton, until recently, was a member of the Mid-Atlantic Fisheries Management Council, Scientific and Statistical Committee. He is currently a member of the Executive Board of the International Institute for Fisheries Economics and Trade, Board Member of the Marine Resource Economics Foundation and Board Member of the Maryland Agricultural and Resource Based Industries Development Corporation.
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Supporting Materials
Presenters
Doug Lipton, National Oceanic and Atmospheric Administration Fisheries
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