Noelwah Netusil

Stanley H. Cohn Professor of Economics

Email | 503-517-7306 | Vollum 227

Environmental economics, natural resource economics, law and economics, public sector economics.

B.S. 1986 Allegheny College.
M.S. 1988, Ph.D. 1992 University of Illinois, Urbana-Champaign.
Reed College 1990–.

Courses
Book
Research
Community Service

Courses

Economics 201: Introduction to Economic Analysis
Economics 311: Survey of Econometric Methods
Economics 348: Economics of the Public Sector
Economics 351: Environmental Economics
Economics 352: Natural Resource Economics
Economics 371: Law and Economics

Book

Charles D. Kolstad and Noelwah R. Netusil, Environmental Economics, 3rd ed., Oxford University Press, March 2026.

Articles in JEP and REEP matched with textbook chapters

One: Introduction

1 The Environment and Economics

Dechezleprete, Antoine and Misato Sato. 2017. The Impacts of Environmental Regulations on Competitiveness. Review of Environmental Economics and Policy 11(2): 183 – 206.

Pasurka, Carl. 2008. Perspectives on Pollution Abatement and Competitiveness:

Theory, Data, and Analyses. Review of Environmental Economics and Policy 2 (2): 194-218.

Sandmo, Agnar. 2015. The Early History of Environmental Economics. Review of Environmental Economics and Policy 9 (2) 1-21.

Shapiro, Joseph S. 2022. Pollution Trends and US Environmental Policy: Lessons from the Past Half Century. Review of Environmental Economics and Policy 16 (1): 42-61.

2 Normative Versus Positive Economics

Auffhammer, Maximilian. 2018. Quantifying Economic Damages from Climate Change. Journal of Economic Perspectives 32(4): 33-52.

Carleton, Tamma and Michael Greenstone. 2022. A Guide to Updating the US Government’s Social Cost of Carbon. Review of Environmental Economics and Policy 16 (2).

Fisher, Anthony C. and Phu V. Le. 2014. Climate Policy: Science, Economics, and Extremes. Review of Environmental Economics and Policy 8(2): 307-327.Tol, Richard S.J. 2009. The Economic Effects of Climate Change. Journal of Economic Perspectives 23 (2): 29-51.

Gillingham, Kenneth and James H. Stock. 2018. The Cost of Reducing Greenhouse Gas Emissions. Journal of Economic Perspectives 32(4): 53-72.

Goulder, Lawrence H. 2020. Timing is Everything: How Economists Can Better Address the Urgency of Stronger Climate Policy. Review of Environmental Economics and Policy 14(1): 143-156.

Hsiang, Solomon and Robert E. Kopp. 2018. An Economist’s Guide to Climate Change Science. Journal of Economic Perspectives 32(4): 3-32.

Kolstad, Charles D. and Frances C. Moore. 2020. Estimating the Economic Impacts of Climate Change Using Weather Observations. Review of Environmental Economics and Policy 14(1): 1-24.

Tol, Richard S. J. 2014. Correction and Update: The Economic Effects of Climate Change. Journal of Economic Perspectives 28 (2) 221-226.

Two: How Much Environmental Quality Is Desirable?

3 Efficiency and Markets

Covert, Thomas, Michael Greenstone, and Christopher R. Knittel. 2016. Will We Ever Stop Using Fossil Fuels? Journal of Economic Perspectives 30(1): 117-138.

Cramton, Peter, Axel Ockenfels, and Jean Tirole. 2017. Policy Brief—Translating the Collective Climate Goal into a Common Climate Commitment. Review of Environmental Economics and Policy 11(1): 165-171.

4 Market Failure

Carlsson, Fredrik, Christina Gravert, Olof Johansson-Stenman, and Verena Kurz. 2021. The Use of Green Nudges as an Environmental Policy Instrument. Review of Environmental Economics and Policy 15(2): 216-237.

5 Social Choice

Arrow, Kenneth, Partha Dasgupta, Lawrence Goulder, Gretchen Daily, et al. 2004. Are We Consuming Too Much? The Journal of Economic Perspectives 18(3) 147-172.

Heal, Geoffrey. 2013. Reflections—Defining and Measuring Sustainability. Review of Environmental Economics and Policy 6(1): 147-163.

6 Making Decisions About Environmental Programs

Fenichel, Eli P., Lydia Olander, and Heather Tallis. 2025. Environmental and Ecosystem Services in Benefit-Cost Analysis. Review of Environmental Economics and Policy 19(2): 238-247.

Fullerton, Don and Erich Muehlegger. 2019. Who Bears the Burden of Environmental Regulations? Review of Environmental Economics and Policy 13(1): 62-82.

Gayer, Ted and W. Kip Viscusi. 2016. Determining the Proper Scope of Climate Change Policy Benefits in U.S. Regulatory Analyses: Domestic versus Global Approaches. Review of Environmental Economics and Policy 10(2): 245-263.

Gillingham, Kenneth T. Reforming Regulatory and Spending Analysis: Introduction to a Symposium on Revising Benefit-Cost Guidance. Review of Environmental Economics and Policy 19(2): 195-199.

Grass, Arthur G., John D. Graham, Kerry Krutilla, Randall Lutter, Jason F. Shogren, and W. Kip Viscusi. Improving Distributional Analysis in Regulatory Evaluation: An Assessment of the 2023 Circular A-4. Review of Environmental Economics and Policy 19(2): 210-220.

Hammitt, James K. 2013. Positive Versus Normative Justifications for Benefit-Cost Analysis: Implications for Interpretation and Policy. Review of Environmental Economics and Policy 7(2): 1-21.

Hsiang, Solomon, Paulina Oliva, and Reed Walker. 2019. The Distribution of Environmental Damages Review of Environmental Economics and Policy 13(1): 83-103.

Liscow, Zachary. 2025. Benefit-Cost Analysis of Government Spending. Review of Environmental Economics and Policy 19(2): 221-228.

McCarthy, Gina. 2019. The Role of Environmental Economics in U.S. Environmental Policy. Review of Environmental Economics and Policy 13 (2): 299-307.

McGartland, Al. 2021. Quality Science for Quality Decisions: Protecting the Scientific Integrity of Benefit-Cost Analysis. Review of Environmental Economics and Policy 15(2).

Pizer, William A. and Brian C. Prest. 2025. Circular A-4: Practical Advances in Discounting for Policy Decisions. Review of Environmental Economics and Policy 19(2): 229-237.

Pizer, William A. and Steven Sexton. 2019. The Distributional Impacts of Energy Taxes. Review of Environmental Economics and Policy 13(1): 104-123.

Three: Measuring the Demand for Environmental Quality

7 Demand for Environmental Goods

Alberini, Anna. 2019. Revealed versus Stated Preferences: What Have We Learned About Valuation and Behavior? Review of Environmental Economics and Policy 13(2): 283-298.

Bateman, Ian J. and Catherine L. Kling. 2020. Revealed Preference Methods for Nonmarket Valuation: An Introduction to Best Practices. Review of Environmental Economics and Policy 14(2): 240-259.

Mendelsohn, Robert. 2019. An Examination of Recent Revealed and Preference Valuation Methods and Results. Review of Environmental Economics and Policy 13(2): 267-282.

8 Hedonic Price Methods

Aldy, Joseph E. and W. Kip Viscusi. 2025. Valuing Mortality Risk Reduction Benefits of Federal Regulations: Comments on Circular A-4. Review of Environmental Economics and Policy 19(2): 200-209.

Bishop, K.C., N.V. Kuminoff, H.S. Banzhaf, K.J. Boyle, K. von Gravenitz, J.C. Pope, V.K. Smith, and C.D. Timmins. Best Practices for Using Hedonic Property Values Models to Measure Willingness to Pay for Environmental Quality. Review of Environmental Economics and Policy 14(2): 260-281.

Cameron, Trudy. 2010. Euthanizing the Value of a Statistical Life. Review of Environmental Economics and Policy 4(2): 161-178.

9 Household Production

N/A

10 Constructed Markets

Carson, Richard T. 2012. Contingent Valuation: A Practical Alternative When Prices Aren’t Available. Journal of Economic Perspectives 26(4): 27-42.

Hanley, Nick and Mikolaj Czajkowski. 2019. The Role of Stated Preference Valuation Methods in Understanding Choices and Informing Policy. Review of Environmental Economics and Policy 13(2): 248-266.

Hausman, Jerry. 2012. Contingent Valuation: From Dubious to Hopeless. Journal of Economic Perspectives 26(4): 43-56.

Kling, Catherine L., Daniel J. Phaneuf and Jinhua Zhao. 2012. From Exxon to BP: Has Some Number Become Better Than No Number? Journal of Economic Perspectives 26(4): 3-26.

Four: Regulating Individuals and Firms

11 Regulating Pollution

Ambec, Stefan, Mark A. Cohen, Stewart Elgie, and Paul Lanoie. 2013. The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness? Review of Environmental Economics and Policy 7(1): 2-22.

Anderson, Soren T., Ian W. H. Parry, James M. Sallee, and Carolyn Fisher. 2011. Automobile Fuel Economy Standards: Impacts, Efficiency, and Alternatives. Review of Environmental Economics and Policy 5(1): 89-108.

Brunel, Claire, and Arik Levinson. 2016. Measuring the Stringency of Environmental Regulations. Review of Environmental Economics and Policy 10(1): 47-67.

McConnell, Virginia and Benjamin Leard. 2021. Pushing New Technology into the Market: California’s Zero Emissions Vehicle Mandate. Review of Environmental Economics and Policy 15(1): 169-179.

12 Emission Prices, Fees, and Taxes

Aldy, Joseph E. 2020. Carbon Tax Review and Updating: Institutionalizing an Act-Learn-Act approach to U.S. Climate Policy. Review of Environmental Economics and Policy 14(1): 76-94.

Coady, David, Ian W H Parry, and Baoping Shang. 2018. Energy Price Reform: Lessons for Policymakers. Review of Environmental Economics and Policy 12(2): 197-219.

Funke, Franziska, et al. 2022. Toward Optimal Meat Pricing: Is It Time to Tax Meat Consumption? Review of Environmental Economics and Policy 16(2).

Leape, Jonathan. 2006. The London Congestion Charge. Journal of Economic Perspectives 20(4): 157-176.

Metcalf, Gilbert E. 2020. An Emissions Assurance Mechanism: Adding Environmental Certainty to a U.S. Carbon Tax. Review of Environmental Economics and Policy 14(1): 114-130.

Nordhaus, William D. 2007. To Tax or Not to Tax: Alternative Approaches to Slowing Global Warming. Review of Environmental Economics and Policy 1(1) 26-44.

Tietenberg, Tom H. 2013. Reflections—Carbon Pricing in Practice. Review of Environmental Economics and Policy 7(2): 313-329.

13 Property Rights

Anderson, Terry L. and Dominic P. Parker. 2013. Transaction Costs and Environmental Markets: The Role of Entrepreneurs. Review of Environmental Economics and Policy 7(2): 259-275.

Ellerman, A. Denny, Claudio Marcantonini, and Aleksandar Zaklan. 2016. The European Union Emissions Trading System: Ten Years and Counting. Review of Environmental Economics and Policy 10(1): 89-107.

Fisher-Vanden, Karen and Sheila Olmstead. 2013. Moving Pollution Trading from Air to Water: Potential, Problems, and Prognosis. Journal of Economic Perspectives 27 (1): 147-172.

Goulder, Lawrence H. 2013. Markets for Pollution Allowances: What Are the (New) Lessons? Journal of Economic Perspectives 27 (1): 87-102.

MacKenzie, Ian A. 2022. The Evolution of Pollution Auctions. Review of Environmental Economics and Policy 16(1): 1-24.

Newell, Richard G., William A. Pizer, and Daniel Raimi. 2013. Carbon Markets 15 Years after Kyoto: Lessons Learned, New Challenges. Journal of Economic Perspectives 27 (1): 123-146.

Schmalensee, Richard and Robert Stavins. 2013. The SO₂ Allowance Trading System: The Ironic History of a Grand Policy Experiment. Journal of Economic Perspectives 27 (1): 103-122.

Schmalensee, Richard, Robert N. Stavins. 2017. Lessons Learned from Three Decades of Experience with Cap and Trade. Review of Environmental Economics and Policy 11(1): 59-79.

Stavins, Robert N. 2022. The Relative Merits of Carbon Pricing Instruments: Taxes versus Trading. Review of Environmental Economics and Policy 16(1): 62-82.

14 Regulation Over Space and Time

N/A

15 Voluntary Actions and Agreements

Kotchen, Matthew J. and Kathleen Segerson. 2020. The Use of Group-Level Approaches to Environmental and Natural Resource Policy. Review of Environmental Economics and Policy 14(2): 173-193.

Matisoff, Daniel C., Douglas S. Noonan, Mallory E. Flowers. 2016. Policy Monitor—Green Buildings: Economics and Policies. Review of Environmental Economics and Policy 10(2): 329-346.

Five: Advanced Topics

16 Regulation with Adverse Selection

Hanemann, Michael. 2008. “California’s New Greenhouse Gas Laws.” Review of Environmental Economics and Policy 2 (1): 114–29. https://doi.org/10.1093/reep/rem030.

17 Audits, Enforcement, and Moral Hazard

Gray, Wayne B. and Jay P. Shimshack. 2011. The Effectiveness of Environmental Monitoring and Enforcement: A Review of the Empirical Evidence. Review of Environmental Economics and Policy 5 (1): 3-24.

18 Managing Risk and Uncertainty

Kousky, Carolyn. 2011. Managing Natural Catastrophe Risk: State Insurance Programs in the United States. Review of Environmental Economics and Policy 5 (1): 153-171.

19 International and Interregional Competition

Clausing, Kimberly A. and Catherine Wolfram. 2023. Carbon Border Adjustments, Climate Clubs, and Subsidy Races when Climate Policies Vary. Journal of Economic Perspectives 37(3): 137-162.

Ederington, Josh. 2010. Should Trade Agreements Include Environmental Policy? Review of Environmental Economics and Policy 4(1): 84-102.

Esty, Daniel C. 2001. Bridging the Trade-Environment Divide. Journal of Economic Perspectives 15(3): 113-130.

Levinson, Arik. 2010. Offshoring Pollution: Is the United States Increasingly Importing Polluting Goods. Review of Environmental Economics and Policy 4(1): 63-83.

Ruffing, Kenneth G. 2010. The Role of the Organization for Economic Cooperation and Development in Environmental Policy Making. Review of Environmental Economics and Policy 4(2): 199-220.

Weber, Jeremy G. 2020. How Should We Think about Environmental Policy and Jobs? An Analogy with Trade Policy and an Illustration from U.S. Coal Mining. Review of Environmental Economics and Policy 14(1): 44-66.

20 Environment, Growth, and Innovation

Campiglio, Emanuele and Frederick van der Ploeg. 2022. Macrofinancial Risks of the Transition to a Low-Carbon Economy. Review of Environmental Economics and Policy 16(2).

Carson, Richard T. 2010. The Environmental Kuznets Curve: Seeking Empirical Regularity and Theoretical Structure. Review of Environmental Economics and Policy 4(1): 3-23.

Earnhart, Dietrich H., Madhu Khanna, and Thomas P Lyon. 2014. Corporate Environmental Strategies in Emerging Economies. Review of Environmental Economics and Policy 8(2): 164-185.

Fowlie, Meredith and Robyn Meeks. 2021. The Economics of Energy Efficiency in Developing Countries. Review of Environmental Economics and Policy 15(2): 238-260.

Research

My current research projects focus on the effect of flood risk disclosure and financial resiliency and the effect of jurisdiction policies on flood insurance uptake.

Selected recent publications

Netusil, N.R. and M. Walkiewicz. 2024. Unlocking Success: Key Lessons from Academia-Government Collaborations in Advancing Public Policy. Harvard ALI Social Impact Review (May 28).

L., Sitong, F. K. S. Chan, W. Y. Chen, N.R. Netusil, M. Feng, L. Xie, Y Qi, S. Xu, and A. Cheshmehzangi. 2024. Home-Buying Decisions Influenced by the Implementation of Nature-Based Solutions: The Case of Sponge City, Guiyang SW China. Nature-Based Solutions

Kousky, C. and N.R. Netusil. 2023. Flood Insurance Literacy and Flood Risk Knowledge: Evidence from Portland, Oregon. Risk Management and Insurance Review 26(2) 175-201. *Recipient of the American Risk and Insurance Association (ARIA) Award for Best Article in 2024.

Netusil, N.R., S. Dissanayake, L. Lavelle ('21), A. W. Ando, and K. K. Wells. 2023. Does Presentation Matter? An Analysis of Images and Text in a Choice Experiment of Green Roofs. QOpen 3(1).

Sullivan, E. J. and N.R. Netusil. 2022. Oregon's Goal 9: Economic Development and Land Use Planning. Willamette Law Review 58 (3) 363-436.

Netusil, N.R., L. Lavelle ('21), S. Dissanayake, and Amy W. Ando. 2022. Valuing the Public Benefits of Green Roofs. Landscape and Urban Planning. 224.

Brook M., A. Amos, J.F. Cerra, C. Cheng, D.L. Feldman, T. Lau, N.R. Netusil, E. Porse. 2022. Redrawing our Urban Waters: Merging Design, Law, and Policy in Advancing Distributed Water Systems. The Routledge Handbook of Sustainable Cities and Landscapes in the Pacific Rim.

O'Donnell, E.C., S.N. Gosling, N.R. Netusil, F.K.S. Chan, N.J. Dolman. 2021. Perceptions of Blue-Green and Grey Infrastructure as Climate Change Adaptation Strategies for Urban Water Resilience. Journal of the British Academy.

Netusil, N.R., C. Kousky, S. Neupane ('20), W. Daniel ('20), and H. Kunreuther. 2021. The Willingness to Pay for Flood Insurance Land Economics 97(1).

Netusil, N.R. and C. Kousky. 2021. The Coming Storm: How U.S. Cities Are Managing Stormwater from Increasingly Extreme Rainfall Events. Wharton Risk Management and Decision Processes Center Issue Brief (August).

O'Donnell, E.C., N.R. Netusil, F.K.S. Chan, N.J. Dolman, and S.N. Gosling. 2021. International Perceptions of Urban Blue-Green Infrastructure: A Comparison across Four Cities Water 13(4), 544.

Kousky, C, N.R. Netusil, and G. Moldovan-Trujillo. 2020. The Mispricing of Flood Insurance: A Look at Portland, Oregon. Wharton Risk Management and Decision Processes Center Issue Brief (December).

Ando, A.,C.L. Cadavid, N.R. Netusil, and B. Parthum. 2020. Willingness-to-Volunteer and Stability of Preferences Between Cities: Estimating the Benefits of Stormwater Management Journal of Environmental Economics and Management 99 (January).

Netusil, N.R., K. Moeltner, and M. Jarrad ('14). 2019. Floodplain Designation and Property Sale Prices in an Urban Watershed Land Use Policy 88 (November): 104-112.

Netusil, N.R., M. Jarrad ('14), and K. Moeltner. 2019. Research Note: The Effect of Stream Restoration Attributes on Property Sale Prices Landscape and Urban Planning 185 (May): 158-162.

Community Service

Current Service

I am the program co-chair for the Association of Environmental and Resource Economists sessions at the Western Economic Association International Conference, on the board of directors of the Assocation of Environmental and Resource Economists, and on the Partners Council for the School for Field Studies. I am also on the editorial board of Landscape and Urban Planning.

Past Service

I have served on several nonprofit boards including Mercy Corps Northwest (2006-2018), Audubon Society of Portland (2011-2014), The Resource Innovation Group/The Climate Leadership Initiative (2004-2010), Oregon Water Trust (2006-2008), and Green House Network/Focus the Nation (1999-2006). I was an Associate Editor for Landscape and Urban Planning (2016-2020) and on the editorial board of Land Economics (2007-2021). I served on the Northwest Power and Conservation Council's Independent Economic Analysis Board (2003-2018) and on the Urban Ecosystem Research Consortium of Portland/Vancouver Steering Committee. I was also on the team that developed the Moneyville exhibit for the Oregon Museum of Science and Industry.