Department of Economics
Arizona State University
PO Box 873806
Tempe, AZ 85287
Kerry Smith is a professor of environmental economics at the W.P. Carey School of Business at ASU. He directs the Center for Environmental Economics and Sustainability Policy in the L. William Seidman Research Institute, which serves as a link between the local, national and international business communities and the W.P. Carey School of Business. He is a member of the National Academy of Sciences and a university fellow at Resources for the Future, a nonprofit think tank based in Washington, D.C.. He is also a fellow of the Association of Environmental and Resource Economists, and of the American Agricultural Economics Association. Smith came to ASU from North Carolina State, where he was a University Distinguished Professor and the Director of the Center for Environmental and Resource Economic Policy.
economics of ecosystem services; general equilibrium welfare measurement; economic adaptation and climate change; climate change; economic valuation; energy economics; energy policy; environmental policy; recreation; real estate; natural resource management; water resource management
Banzhaf, H. S. and V. K. Smith. 2007. Meta analysis in model implementation: Choice sets and the valuation of air quality improvements. Journal of Applied Econometrics 22:1013-1031.
Carbone, J., D. Hallstrom and V. K. Smith. 2006. Can natural experiments measure behavioral responses to environmental risks?. Environmental and Resource Economics 33:273-297.
Carbone, J. C. and V. K. Smith. 2008. Evaluating policy interventions with general equilibrium externalities. Journal of Public Economics 92:1254-1274.
Carbone, J. C. and V. K. Smith. 2010. Valuing ecosystem services in general equilibrium. National Bureau of Economic Research Working Paper 15844.
Carbone, J. C. and V. K. Smith. In press. Valuing nature in a general equilibrium. Journal of Environmental Economics and Management. (link)
Evans, M. F., C. Poulos and V. K. Smith. 2011. Who counts in evaluating the effects of air pollution policies on households? Non-market valuation in the presence of dependencies. Journal of Environmental Economics and Management 62:65-79. (link)
Evans, M. and V. K. Smith. 2008. Complementarity and the measurement of individual risk tradeoffs: Accounting for quantity and quality of life effects. Environmental and Resource Economics 41:381-400.
Evans, M. F. and V. K. Smith. 2010. Measuring how risk tradeoffs adjust with income. Journal of Risk and Uncertainty 40:33-55.
Evans, M. F. and V. K. Smith. 2006. Do we really understand the age-VSL relationship?. Resource and Energy Economics 28:242-261.
Kinzig, A. P., C. Perrings, F. S. Chapin III, S. Polasky, V. K. Smith, D. Tilman and B. L. Turner II. 2011. Paying for ecosystem services—promise and peril. Science 334:603-604. (link)
Klaiber, H. A. and V. K. Smith. 2012. Developing general equilibrium benefit analyses for social programs: An introduction and example. Journal of Benefit-Cost Analysis 3:5.
Klaiber, H. A. and V. K. Smith. In press. Quasi experiments, hedonic models, and estimating tradeoffs for local amenities. Land Economics.
Klaiber, H. A., V. K. Smith, M. Kaminsky and A. Strong. In press. Measuring price elasticities for residential water demand with limited information.. Land Economics.
Kuminoff, N. V., V. K. Smith and C. Timmins. In press. The new economics of equilibrium sorting and policy evaluation using housing markets. Journal of Economics Literature.
Palmquist, R. B., D. J. Phaneuf and V. K. Smith. 2010. Short run constraints and the increasing marginal value of time in recreation. Environmental and Resource Economics 46:19-41.
Phaneuf, D., V. K. Smith, R. Palmquist and J. Pope. 2008. Integrating property value and local recreation models to value ecosystem services in urban watersheds. Land Economics 84:361-381.
Smith, V. K. 2012. Reflections — In search of crosswalks between macroeconomics and environmental economics. Review of Environmental Economics and Policy 6:298-317.
Smith, V. K. 2010. Reflections: Legacies, incentives, and advice. Review of Environmental Economics and Policy 4:309-324.
Smith, V. K. 2007. Reflections on the literature. Review of Environmental Economics and Policy 1:300-318.
Smith, V. K. 2008. Reflections on the literature. Review of Environmental Economics and Policy 2:292-308.
Smith, V. K. 2007. Reflections on the literature. Review of Environmental Economics and Policy 1:152-165.
Smith, V. K. 2008. Reflections on the literature. Review of Environmental Economics and Policy 2:130-145.
Smith, V. K. and H. S. Banzhaf. 2007. Quality adjusted prices and the Willig Condition. Economics Letters 94:43-48.
Smith, V. K., J. Carbone, J. C. Pope, D. Hallstrom and M. Darden. 2006. Adjusting to natural disasters. Journal of Risk and Uncertainty 33:37-54.
Smith, V. K., M. F. Evans, H. S. Banzhaf and C. Poulos. 2010. Can weak substitution be rehabilitated?. Environmental and Resource Economics 45:203-221.
Smith, V. K. and E. Moore. 2010. Behavioral economics and benefit cost analysis. Environmental and Resource Economics 46:217-234.
Smith, V. K., S. K. Pattanayak and G. L. VanHoutven. 2006. Structural benefit transfer: An example using VSL estimates. Ecological Economics 60:361-371.
Smith, V. K. and C. V. Wolloh. 2012. Has surface water quality improved since the Clean Water Act?. National Bureau of Economic Research Working Paper 18192.
Strong, A. and V. K. Smith. 2010. Reconsidering the economics of demand analysis with kinked budget constraints. Land Economics 86:173-190. (link)
Klaiber, H. A. and V. K. Smith. 2011. Preference heterogeneity and non-market benefits: The roles of structural hedonic and sorting models. Pp. 222-253 In: J. Bennett ed. International Handbook on Non-Market Environmental Valuation. Edward Elgar.
Pattanayak, S. K., V. K. Smith and G. L. VanHoutven. 2007. Improving the practice of benefits transfer: A preference calibration approach. In: S. Navrud and R. Ready. eds., Environmental Value Transfer: Issues and Method. Kluwer Academic Publishers.
Smith, V. K. 2007. Judging quality. In: B. Kanninen ed. Valuing Environmental Amenities Using Choice Experiments: A Common Sense Guide to Theory and Practice. Springer.
Smith, V. K. 2012. Comments on "Regulatory choice with pollution and innovation". Pp. 74-78 In: D. Fullerton and C. Wolfram. eds., The Design and Implementation of U.S. Climate Policy. NBER, University of Chicago Press.
Smith, V. K. 2012. How can policy encourage economically sensible climate adaptation?. Pp. 229-242 In: D. Fullerton and C. Wolfram. eds., The Design and Implementation of U.S. Climate Policy. NBER, University of Chicago Press.
Smith, V. K. and J. C. Carbone. 2007. Should benefit cost analyses take account of general equilibrium effects?. In: R. Zerbe ed. Journal of Research in Law and Economics: A Journal of Policy. Elsevier Science.
Smith, V. K. and J. C. Carbone. 2008. Environmental economics and the "curse" of the circular flow. In: J. Wu J., P. Barkley and B. Weber. eds., Frontiers of Rural and Resource Economics. Resources for the Future, Inc.
Fishman, J. and V. K. Smith. 2013. Sorting, attitude and preference alignment for local public goods. Poster presented at the 11 January 2013, 15th Annual CAP LTER Poster Symposium and All Scientist Meeting 2013, Skysong, Scottsdale, AZ. (link)
Smith, V. K. 2012. Sustainable environmental economics: Recognizing the importance of feedbacks from environmental systems for economic markets. Presented May 18, 2012 at Seoul National University, Seoul, South Korea.
Smith, V. K. 2012. Non-market general equilibrium analysis and environmental policy evaluation. Presented March 26, 2012 at the Berkeley Bioeconomy Conference, Berkeley, CA, March 26-28, 2012.
Smith, V. K. 2011. Water demand: Past, present, and future. Keynote presentation on June 27, 2011 at the Linking Environmental and Agricultural Research Network (LEARN)/International Water and Resource Economics Consortium (IWREC) conference, Banff, AB, Canada.