Professor; Ph.D., University of Wisconsin,
1983; Economics of Environmental Policy and Natural Resource Management,
Valuation of Public Goods and Environmental Amenities, Water Resource
Economics, Economics of Environmental Negotiations and Conflict Resolution
Teaching and Research Interests
Dr. Colby's research is in natural resource and environmental economics
and in public policy, and in particular, water resource economics.
Some of her current projects 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.
Awards and Honors
Distinguished Scholar Award, WAEA
Oustanding Research Scientist Award, CALS, University of Arizona
Outstanding Publication Award,
National Academy of Sciences
Best Published Research Award, WAEA
AREC 479, Economics of Water Management and Policy
AREC 575, Economic Evaluation of Water and Environmental Policy
Water Transaction Guidebooks for Water
Professionals and Stakeholders (2009–13)
• Water Auction Design for Supply Reliability: Design, Implementation, and Evaluation
• Water Banks: A Tool for Enhancing Water Supply Reliability
• Dry-Year Water Supply Reliability Contracts: A Tool for Water Managers
the Value of Water in Agriculture: Tools for Negotiating Water Transfers
language version/versión en español: Entendiendo
el Valor del Agua en la Agricultura: Herramientas para Negociar
Intercambios de Agua)
• Measuring, Monitoring,
and Enforcing Temporary Water Transfers: Considerations, Case
Examples, Innovations and Costs (higher quality 4.6
MB file, lower quality 1
• Valuing Recreation and Envrionmental Flows in the Colorado River Delta Utilizing the Contingent Valuation
• Prioritizing Environmental Water Acquisitions: Making the Most of Program Budgets
• Farm Adaptation to Water Supply Variability: Opportunities in the colorado River Delta
• Colby, B.and G. Frisvold. Risk and Resilience: The Economics
Of Climate-Water-Energy Challenges In The
Arid Southwest, Resources for the Future Press, forthcoming, 2010.
• Colby, B. and R. Bark. “Chapter 41: Inter-sectoral
Water Trading as a Climate Change Adaptation Strategy,” in Water
Resources Planning and Management, edited by Q. Grafton
and K. Hussey, Cambridge University Press, 2009.
• Colby, B. and J Pullen. “Influence of Climate Variability
on the Market Price of Water in the Gila-San Francisco Basin.” Journal
of Agric. and Resource Economics, 2008.
• Colby, B.G., J. Thosser, and S. Britton, Negotiating
Tribal Water Rights: Fulfilling Promises in the Arid West. University of Arizona
• Colby, Bonnie G. "Economics of Urban Water Demand and Supply." In
Managing Urban Water Demand, N. Buras, ed. Kluwer Academic Publishers,
• T.P. D'Estree and B.G. Colby, Braving
the Curents: Resolving Conflicts Over the Water of the American
West, Kluwer Academic Publishers,
• Colby, Bonnie G. "Cap-and-Trade Policy Challenges! A Tale
of Three Markets." Land Economics, 76(4):638-658, 2000.
• Colby, B.G. "Negotiated Transactions as a Conflict
Resolution Mechanism: Bargaining over Water in the American West" in Markets
for Water—Potential and Performance. M. Rosegrant, A.
Dinar, and W.K. Easter, eds. Boston: Kluwer Academic Publishers,
• Kirchhoff, Stefanie, Bonnie G. Colby, and Jeffrey T. LaFrance. "Evaluating
the Performance of Benefit Transfer: An Empirical Inquiry." Journal
of Environmental Economics and Management 33:75-93, 1997.
• Colby, B.G. "Markets as a Response to Water Scarcity: Policy
Challenges and Economic Implications." In Advances
in the Economics of Environmental Resources. D. Hall, ed. Greenwich, CT:
JAI Press, pp. 211-232, 1997.