Featuring Our Faculty

Natural Resource Management

Community Outreach Interests

My interests lie in the areas of natural resource management, natural hazard mitigation, public policy analysis, and charitable fundraising. I have experience in applying economics to better understand natural resource and hazard management issues, such as identification of conditions under which beach replenishment makes economic sense, assessment of household behavior under conditions of risk and uncertainty, analysis of trip-taking and site choice of coastal visitors, and evaluation of citizens’ preferences for post-disaster community rebuilding. I am also interested in understanding what induces people to give to charitable organizations and factors that influence commitment to charitable causes.

Research Interests

I am primarily an applied economist, utilizing empirical and experimental methods. I have expertise in natural resource and environmental economics, nonmarket valuation, experimental economics, and, to a lesser extent, behavioral economics. I am interested in estimating economic value of coastal resources (i.e. nonmarket goods, such as beaches) and using estimated values in applying economic models to enlighten coastal resource management. A line of my research agenda involves using laboratory and field experiments to assess the validity of methods of nonmarket valuation. I have a number of papers and projects that seek to contribute to a better understanding of community and household mitigation of natural hazards, focusing on perceptions and knowledge of hazards, the provision of information, and individual and collective action. For example, I am interested in testing theories of rational choice in the realm of mitigation of flood hazards and insurance provision and purchase. I am also interested in broadening the scope of microeconomic models to include factors such as perceptions, psychological limitations and biases, sociological structures, and errors in judgment or choice.

Notable Publications

Hindsley, Paul, Craig E. Landry, Okmyung Bin, and Hans Vogelsong. 2008. “Site Congestion and Recreation Choice Models: A Generated Regressors Approach to Beach Site Selection” revise and resubmit Environmental and Resource Economics.

Landry, Craig E. and Haiyong Liu. 2008. “A Semi-Parametric Estimator for Revealed and Stated Preference Data: An Application to Recreational Beach Visitation” revise and resubmit Journal of Environmental Economics and Management.

Bin, Okmyung, Tom Crawford, Jamie B. Kruse, and Craig E. Landry. 2008. “Viewscapes and Flood Hazard: Coastal Housing Market Response to Amenities and Risk” forthcoming Land Economics.

Bin, Okmyung, Jamie Brown Kruse, and Craig E. Landry. 2008. “Flood Hazards, Insurance Rates, and Amenities: Evidence from the Coastal Housing Market.” Journal of Risk and Insurance. 75(1): 63-82.

Craig E. Landry, Okmyung Bin, Paul Hindsley, John Whitehead, and Kenneth Wilson. 2007. “Going Home: Evacuation-Migration Decisions of Hurricane Katrina Survivors.” Southern Economic Journal. 74(2): 326-43.

Landry, Craig E. and Kenneth E. McConnell. 2007. “Hedonic Onsite Cost Model of Recreation Demand.” Land Economics. 83(2): 253-67.

Landry, Craig and Doug Lipton. “Economic Indicators of Coastal Restoration Project Impacts.” Prepared for the National Oceanic and Atmospheric Administration (NOAA) Human Dimensions of Coastal Restoration Monitoring. Silver Spring, MD, 2006.

Craig E. Landry and Michael K. Price. 2007. “Earmarking Lottery Proceeds for Public Goods: Empirical Evidence from U.S. Lotto Expenditures.” Economics Letters. 95(3): 451-5.

Craig E. Landry and John A. List. 2007. “Using Ex Ante Approaches to Obtain Credible Signals of Value in Contingent Markets: Evidence from the Field.” American Journal of Agricultural Economics. 89(2): 420-32.

Craig E. Landry, Andreas Lange, John A. List, Michael K. Price, and Nicholas G. Rupp. 2006. “Toward an Understanding of the Economics of Charity: Evidence from a Field Experiment.” Quarterly Journal of Economics. 121(2): 747-82.

Bin, Okmyung, Craig E. Landry, Chris Ellis, and Hans Vogelsong. 2005. “Some Consumer Surplus Estimates for North Carolina Beaches.” Marine Resource Economics. 20(2): 145-61.

Kriesel, Warren, Craig Landry, and Andrew Keeler. 2005. “Coastal Erosion Management from a Community Economics Perspective: the Feasibility and Efficiency of User Fees.” Journal of Agricultural and Applied Economics. 37(2): 451-61.

Kriesel, Warren, Andrew Keeler, and Craig Landry. 2004. “Financing Beach Improvements: Comparing Two Approaches on the Georgia Coast.” Coastal Management. 32(4): 433-47.

Landry, Craig E., Andrew G. Keeler and Warren Kriesel. 2003. “An Economic Evaluation of Beach Erosion Management Alternatives.” Marine Resource Economics. 18(2): 105-27.

Courses

ECON 5170: Coastal Resource Economics

ECON 6000: Advanced Topic in Applied Economics and Econometrics

ECON 6402: Microeconomic Theory II