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Agricultural and Resource Economics
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- 1. Bonnie Colby award
- Whether studying the value of homes near riparian areas or the variability of water supplies and quality in the Southwest, Bonnie Colby has been able to research, analyze and communicate about issues of vital importance to desert life. Because of her diligence, the Western Agricultural Economics Association (WAEA) will present the UA professor of Natural Resource Economics and Public Policy with the Distinguished Scholar Award.
The award recognizes individuals who committee members believe are making an enduring contribution over their career to agricultural, resource, and/or environmental economics in the Western states as well as the WAEA. It is the association’s highest honor.
Colby, with the CALS Department of Agricultural and Resource Economics, will honored at the WAEA awards ceremony this summer at the combined meeting of the American Agricultural Economics Association, Canadian Agricultural Economics Society, and the WAEA in Portland, Oregon.
In addition, Colby’s nomination demonstrated to the committee her excellence in:
-Basic and applied economics research
-Integration of knowledge (textbook writing or synthetic reviews)
-Service or outreach drawing on economic expertise
-Teaching (undergraduate and/or graduate)
The WAEA is comprised of agricultural and resource economists from all the western states in the United States and all the western provinces of Canada.
“Bonnie is, indeed, one of the pearls on our faculty,” says interim department head, Department of Agricultural and Resource Economics Gary Thompson. “This is well-deserved recognition of her scholarly contributions over the last quarter century.”
“Colby has specialized in complex water management challenges all of her 25 year career here," he says. "Her work has contributed to better design of water settlements with Native American tribes in several states and to cost-effective acquisitions of water supplies to keep both cities and ecosystems from drying up during drought.
Colby is also working on strategies to help water managers and water users in the Southwest cope with extended drought and climate change.
“Colby has contributed to the education of an impressive pool of former students who are now top level resource managers throughout Arizona and the West, as well as overseas,” says Thompson.
Colby's research in natural resource and environmental economics and in public policy involve nonmarket valuation of natural amenities, analyzing transactions costs generated by regulatory policies, evaluating the reallocation of water resources among economic sectors, economic tools to resolve environmental conflicts, and identifying strategies to promote efficient allocation of risk associated with variability in water supply and water quality. In addition, she has collaborated with other researchers in Arizona on a series of studies to characterize and assess the value of riparian areas in the Southwest, to find out exactly which attributes of a riparian area command the highest value in a home sale.
- Updated: May 16, 2007
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