ENERGY AND CONSERVATION/CONTINGENT VALUATION ANALYSIS IN PINEDALE, WYOMING
Private Sector Role in Sustainability
Marc Epstein, Ph.D., Jones Graduate School of Business, Rice University
Sally Widener, Ph.D., Jones Graduate School of Business, Rice University
Nicholas Lacouture, Graduate Student, Jones Graduate School of Business, Rice University
Rachel Gilman, Graduate Student, Jones Graduate School of Business, Rice University
This project analyzes trade-offs to public priorities which are given to conservation and energy development in Pinedale, Wyoming, an area located in the Rocky Mountains gas fairway. The project presents an unusual opportunity for Rice to focus on the role of the private sector in sustainable development. Dr. Marc Epstein has led a student project to undertake a contingent valuation analysis to determine the priorities of major stakeholders regarding such matters as energy production, conservation, and employment.
A six-month study was completed and results have been published. "From a sustainability standpoint, Pinedale offers tremendous opportunity for studying the balance between development and conservation," said Dr. Epstein, project advisor.
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