Alan Randall

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Alan Randall

Academy Professor

randall.3@osu.edu

614-282-4300

Professional Information

Biography:

Dr. Randall is a Scholar in Residence in the Sustainability Institute, and an Academy Professor of AEDE at The Ohio State University. He served as Professor and Head of Agricultural and Resource Economics at the University of Sydney in Australia, 2011-2014. Alan was a professor at Ohio State for 25 years, 12 of them as AEDE Department Chair. He specializes in environmental economics and policy, with particular interests in environmental risk; biodiversity, habitat and environmental sustainability; environmental regulation, monitoring, and enforcement; and the benefits and costs of environmental projects and programs. Alan has published quite a bit, received a handful of awards and recognitions, and completed his share of funded projects and consulting assignments. He is a Fellow of the Agricultural and Applied Economics Association, the Association of Environmental and Resource Economics, and the Australian Agricultural and Resource Economics Society, and a past-president of AARES. Currently he serves as editor-in-chief for the Resources and Sustainable Utilization section of Sustainability.

Works

Recent Refereed Articles

Randall, A. 2022. How Strong Sustainability Became Safety. Sustainability 14 (8), 4578. https://doi.org/10.3390/su14084578.

Randall, A. 2021. Resource Scarcity and Sustainability – The Shapes have Shifted but the Stakes Keep Rising. Sustainability 13, 5751 ; doi.org/10.3390/su13105751

Randall, A. 2021. Monitoring Sustainability and Targeting Interventions: Indicators, Planetary Boundaries, Benefits and Costs. Sustainability 2021, 13, 3181; doi.org/10.3390/su13063181

Randall A. 2020. On Intergenerational Commitment, Weak Sustainability, and Safety. Sustainability, 12 (13), 5381; doi:10.3390/su12135381

Liou, J-L, A Randall, P-I Wuand H-H Chen. 2019. Monetarizing Spillover Effects of Soil- and Groundwater-Contaminated Sites in Taiwan: How Much More Will People Pay for Housing to Avoid Contamination? Asian Economic Journal 33: 67-86.

Kien ND, T Ancev and A Randall. 2019. Evidence of climatic change in Vietnam: Some implications for agricultural production. Journal of Environmental Management 231:524-545.

Recent Book Chapter

Randall, A. 2022. Property Rights, Common Law, and the Environment: Individualistic Solutions are Seldom Enough, in M. Falque (ed), Property Rights for Environmental Management and Liberty: Towards a Reconciliation, Brussels: Editions Larcier, Chapter 21.

Publications 2011 – 2018

Books

Randall, A. 2011. Risk and Precaution. Cambridge University press, UK and US.

Bergstrom, JC and A. Randall. 2016. Resource Economics: an economic approach to natural resource and environmental policy, 4^th Ed.
Cheltenham, UK and Northampton, MA: Edward Elgar. ix + 430pp. (3^rd Ed, 2010; 1^st and 2^nd Eds, Randall sole author, 1981, 1987).

Refereed articles

Randall, A. 2012. Coal Seam Gas – toward a risk management framework for a novel intervention. Environmental and Planning Law Journal 29: 152-162.

Chen, C. and A. Randall. 2013. “The Economic Contest between Coal Seam Gas Mining and Agriculture on Prime Farmland: It May Be Closer than We Thought”, Journal of Economic and Social Policy 15(3), Article 5. http://epubs.scu.edu.au/jesp/vol15/iss3/5/

Randall, A. 2014. “Probing the limits of risk-neutral government”, Journal of Natural Resources Policy Research, 6:1, 65-69.

Suding,K, E Higgs, M Palmer, JB Callicott, CB Anderson, M Baker, JJ Gutrich, KL Hondula, MC LaFevor, BMH. Larson, A Randall, JB Ruhl and KZS Schwartz. 2015. “Committing to ecological restoration - Efforts around the globe need legal and policy clarification.” Science 350(6712, May 8), 8-10.

Randall, A. 2016. “Ambiguity, Learning Opportunities, and Risk-neutral Regulation”. Australian Journal of Agricultural & Resource Economics 60:159-176.

Duc, MN, T Ancev and A Randall. 2018. Forest governance and economic values of forest ecosystem services in Vietnam. Land Use Policy. https://doi.org/10.1016/j.landusepol.2018.03.028

Irwin, EG, S Gopalakrishnan and A Randall. 2016. “Welfare, wealth, and sustainability”. Annual Review of Resource Economics 8: 77-98. Reprinted in G Atkinson and S Fankhauser (eds) Sustainability Economics, Elgar, in press.

Bennett, JW, and A Randall. 2016. “Antipodean Agricultural and Resource Economics at 60 – Environmental Economics”, Australian Journal of Agricultural & Resource Economics 60: 672-687.

Book chapters

Randall, A. 2011. “Innovation, Risk, Precaution, and the Regulation of GM Crops”. Carter, C., Moschini, G. and Sheldon, I., eds. Genetically Modified Food and Global Welfare. Emerald Publishing Group. Ch. 14.

Randall, A. 2012. “Foreword”. H. Scarborough and J. Bennett. Cost-Benefit Analysis and Distributional Preferences – A Choice Modeling Approach. Cheltenham, UK and Northampton, MA, USA: Edward Elgar. xi-xiii.

Randall, A. 2013. “Environmental Ethics for Environmental Economists”. Shogren, J. and J. Shortle (eds.). Encyclopedia of Energy, Natural Resource, and Environmental Economics, 3: 25–32, Amsterdam: Elsevier. Also available in Reference Module in Earth Systems and Environmental Sciences: Energy and Natural Resources http://www.sciencedirect.com/science/referenceworks/9780124095489

Randall, A. 2014. “Weak Sustainability, Conservation, and Precaution”. Atkinson, G., S. Dietz, E. Neumayer, and M. Agarwala. Handbook of Sustainable Development. 2^nd edition. 160-172. Cheltenham, UK and Northampton, MA, USA: Edward Elgar. Chapter 10.

Randall, A. 2014. “Precautionary Principle”, Environmental and Natural Resource Economics: An Encyclopedia (T. Haab and J. Whitehead, eds). Santa Barbara CA: ABC-CLIO. 264-268.

Randall, A. 2014. “Coal Seam Gas Recovery in Australia: Economic, Environmental and Policy Issues “, Fracking (R. Harrison and R. Hester, eds). Issues in Environmental Science and Technology 39: 151-180. London: Royal Society of Chemistry.

Hertzler, G, T Sanderson, T Capon, P Hayman, R Kingwell, A McClintock, J Crean, and A Randall. 2015. “Farmer decision-making under climate change: a real options analysis”. Applied Studies in Climate Adaptation (J Palutikoff, S Boulter, J Barnett, D Rissick, eds). Wiley Blackwell, UK. Ch 14.

Research reports (peer reviewed)

Friedt, W., L. Frewer, P. Gregory, A. Randall, T. Rosswall, and P. Sandøe. 2011. “Sustainable Development of Agriculture and Food Systems using Biotechnology as a Tool”. Future Forests. Stockholm SE. http://futureforests.se/download/18.3b158a351337ec14334800010983/Background+Paper+Mistra+Biotech.pdf.

Randall, A, Capon, T, Sanderson, T, Merrett, D, Hertzler, G. 2012, Understanding end-user decisions and the value of climate information under the risks and uncertainties of future climate. Report to National Climate Change Adaptation Research Facility. The University of Sydney, Sydney. http://www.nccarf.edu.au/publications/making-decisions-under-risks-and-uncertainties-future-climates

Randall, A, Capon, T, Sanderson, T, Merrett, D, Hertzler, G., Capon, S. 2012, Choosing a decision-making framework to manage uncertainty in climate adaptation decision-making: a Practitioner’s Handbook. Report to National Climate Change Adaptation Research Facility. The University of Sydney, Sydney. http://www.nccarf.edu.au/publications/Handbook-decision-making-framework-climate-adaptation

Ten Career-best Publications

Randall, A. 2011. Risk and Precaution. Cambridge University Press, Cambridge and New York, xviii + 260pp.

Randall, A. 1999. Making the Environment Count: Selected Essays, Cheltenham, UK and Northampton, MA: Edward Elgar, xv + 227 pp.

Randall, A. 2016. “Ambiguity, Learning Opportunities, and Risk-neutral Regulation”. Australian Journal of Agricultural & Resource Economics 60:159-176.

Randall, A. 2002. “Valuing the Outputs of Multifunctional Agriculture,” European Review of Agricultural Economics 29: 289-307.

Chen, H.Z., and A. Randall. 1997. "Semi-nonparametric Estimation of Binary Response Models with

Application to Natural Resource Valuation." Journal of Econometrics, 76:323-340.

Randall, A. 1994. "A Difficulty with the Travel Cost Method," Land Economics, 70: 88-96.

Hoehn, J. and A. Randall. 1989. "Too Many Proposals Pass the Benefit Cost Test," American Economic

Review 79:544-551.

Randall, A. and J. Stoll. 1980. "Consumer's Surplus in Commodity Space," American Economic Review, 70:449-455.

Randall, A., B. Ives, and C. Eastman. 1974. "Bidding Games for Valuation of Aesthetic Environmental Improvements," Journal of Environmental Economics and Management, 1:132-149.

Randall, A. 1972. "Market Solutions to Externality Problems-- Theory and Practice," American Journal of Agricultural Economics, 54:175-183.

Welfare, Wealth and Sustainability

Date published:

Jun 14 2016

Publication type:

Journal article

Our Author(s):

Elena Irwin, Sathya Gopalakrishnan, Alan Randall

Growing concerns over climate change and the potential for large damages due to non-linear processes underscore the need for meaningful sustainability assessment of an economy. Economists have developed rigorous approaches to conceptualizing sustainability based on the paradigm of weak sustainability, which relies on extensive substitution among reproducible capital, renewable resources and exhaustible natural resources. In contrast, strong sustainability emphasizes physical limits to this substitution and the importance of maintaining the resilience of normally functioning biophysical processes. Recent progress in resource and environmental economics has demonstrated the feasibility of incorporating strong sustainability features, including tipping points, uncertainties and resilience, to assess efficiency and optimal policies. Given that weak sustainability and intertemporal efficiency share a welfare theoretic foundation, we ask: to what extent can these approaches be applied to evaluate sustainability? We highlight recent work on assessing sustainability in imperfect economies and dynamic models of intertemporal welfare that embed strong sustainability features.

Irwin, E., Gopalakrishnan, S., and Randall, A., ‘Welfare, Wealth and Sustainability’, 2016 forthcoming, Annual Review of Resource Economics. Available at SSRN:http://ssrn.com/abstract=2726849

Alan Randall

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Professional Information

Publications 2011 – 2018

Books

Refereed articles

Book chapters

Research reports (peer reviewed)

Ten Career-best Publications