Raymond J. Kopp
Title: Senior Fellow and Director, Climate and Technology Policy Program Phone: 202-328-5059 E-mail:kopp@rff.org Website Address:www.rff.org/~kopp
Kopp holds Ph.D. and MA degrees in economics and an undergraduate degree in finance. He has been a member of the RFF research staff since 1977 and has held a variety of management positions within the institution.
Kopp's interest in environmental policy began in the late 1970s, when he developed techniques to measure the effect of pollution control regulations on the economic efficiency of steam electric power generation. He then led the first examination of the cost of major U.S. environmental regulations in a full, general equilibrium, dynamic context by using an approach that is now widely accepted as state-of-the-art in cost-benefit analysis.
During his career Kopp has specialized in the analysis of environmental and natural resource issues with a focus on Federal regulatory activity. He is an expert in techniques of assigning value to environmental and natural resources that do not have market prices, which is fundamental to cost-benefit analysis and the assessment of damages to natural resources.
Kopp's current research interests focus on the design of domestic and international polices to combat climate change.
Ph.D. in economics, State University of New York at Binghamton, 1978.
M.A. in economics, University of Akron, 1973.
B.S. in finance, University of Akron, 1970.
Professional Experience
Senior Fellow, Resources for the Future, 1984 - present.
Vice President for Programs, Resources for the Future, 2000 - 2002.
Director, Resources for the Future, Quality of the Environment Division, 1987 - 1988.
Fellow, Resources for the Future, Quality of the Environment Division, 1977 - 1984.
Visiting Assistant Professor, University of Carolina at Chapel Hill, 1981 - 1982.
Journal Articles
Energy Resources and Global Development Jeff Chow, Raymond J. Kopp, Paul A. Portney Science | November 2003 | Vol. 302 | pp. 1528-1531
The Impact of "No Opinion" Response Options on Data Quality: Non-Attitude Reduction or an Invitation to Satisfice? Jon A. Krosnick, Allyson L. Holbrook, Matthew K. Berent, Richard T. Carson, W. Michael Hanemann, Robert Cameron Mitchell, Stanley Presser, Raymond J. Kopp, Paul A. Ruud, V. Kerry Smith, Wendy R. Moody, Melanie C. Green, and Michael Conaway Public Opinion Quarterly | Fall 2002 | Vol. 66, No. 3
On Valuing Nature Raymond J. Kopp, N.E. Bockstael, A.M. Freeman III, Paul R. Portney, and V.K. Smith Environmental Science and Technology | 2000 | Vol. 24, No. 8 | pp. 1384-1389
Referendum Design and Contingent Valuation: The NOAA Panel's No-Vote Recommendation Raymond J. Kopp, R.T. Carson, W.M. Hanemann, J.A. Krosnick, R.C. Mitchell, S. Presser, P.A. Ruud, and V.K. Smith Review of Economics and Statistics | May 1998 | Vol. 80, No. 2 Review of Economics and Statistics, Vol. 80, No. 3, August 1998.
Temporal Reliability of Estimates From Contingent Valuation Raymond J. Kopp, R.T. Carson, W.M. Hanemann, J.A. Krosnick, R.C Mitchell, S. Presser, P.A. Ruud, and V.K. Smith Land Economics | May 1997 | Vol. 73, No. 2
Cost-Benefit Analysis and Regulatory Reform Ray Kopp, Alan Krupnick, and Michael A. Toman Human and Ecological Risk Assessment | November 1997 | Vol. 3, No. 5
How Reliably Can Climate Change and Mitigation Policy Impacts on Electric Utilities be Assessed? Hadi Dowlatabadi, Robert Hahn, Raymond J. Kopp, Karen L. Palmer, and Diane DeWitt Utility Policy | July 1993 | Vol. 1 | pp. 261-268
Why Existence Value Should be Included in Cost-Benefit Analysis Raymond J. Kopp Journal of Policy Analysis and Management | Winter 1992 | Vol. 11, No. 1 "Environmental Valuation," Kenneth Willis, ed., Edward Elgar, London, U.K., 1998.
Least Squares Estimation of Econometric Frontier Models: Consistent Estimation and Inference Raymond J. Kopp and John Mullahy Scandinavian Journal of Economics | 1992
Confronto Internazionale Sulla Legislazione Ambientale Raymond J. Kopp, Paul R. Portney, and Diane E. DeWitt Energia | September 1991 | Vol. 12, No. 3
Moment-Based Estimation and Testing of Stochastic Frontier Models Raymond J. Kopp and John Mullahy Journal of Econometrics | October/November 1990
The Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis Raymond J. Kopp and Michael Hazilla Journal of Political Economy | August 1990
The Economics of Natural Resource Damages After Ohio v. U.S. Department of the Interior Raymond J. Kopp, Paul R. Portney, and V. Kerry Smith Environmental Law Reporter | 1990 | Vol. 20, No. 4
Natural Resource Damages: The Economics Have Shifted After Ohio v. United States Department of the Interior Paul R. Portney, Raymond J. Kopp, and V. Kerry Smith Environmental Law Reporter | 1990 | Vol. 20 | pp. 10127-10131
Benefit Estimation Goes to Court: The Case of Natural Resource Damage Assessments Raymond J. Kopp and V. Kerry Smith Journal of Policy Analysis and Management | Fall 1989
Welfare Implications of Restricted Triazine Herbicide Use in the Chesapeake Bay Region Raymond J. Kopp and Leonard Gianessi Journal of Marine Resource Economics | 1989
Agricultural Policy and the Benefits of Ozone Control Alan J. Krupnick and Raymond Kopp Journal of the American Agricultural Economics Association | December 1987 | Vol. 69, No. 5
Economic and Social Indicators for the Farm Sector: Discussion Raymond J. Kopp and John M. Antle American Journal of Agricultural Economics | December 1986 | Vol. 68, No. 5
Testing for Separable Functional Structure Using Partial Equilibrium Models Raymond J. Kopp and Michael Hazilla Journal of Econometrics | October/November 1986
Systematic Effects of Capital Service Price Definition on Perceptions of Input Substitution Raymond J. Kopp and Michael Hazilla Journal of Business and Economic Statistics | April 1986
The Measurement of Nonneutral Technological Change Raymond J. Kopp and V. Kerry Smith International Economic Review | February 1985
Implications of Environmental Policy for U.S. Agriculture: The Case of Ambient Ozone Standards Raymond J. Kopp, William J. Vaughan, Michael Hazilla, and Richard Carson Journal of Environmental Management | 1985
A Factor Demand Model for Strategic Nonfuel Minerals in the Primary Metals Sectors Raymond J. Kopp and Michael Hazilla Land Economics | November 1984
Assessing U.S. Vulnerability to Raw Material Supply Disruptions: An Application to Nonfuel Minerals Raymond J. Kopp and Michael Hazilla Southern Economic Journal | October 1984
Neoclassical Modeling of Nonneutral Technological Change: An Experimental Appraisal Raymond J. Kopp and V. Kerry Smith Scandinavian Journal of Economics | 1983
The Decomposition of Frontier Cost Function Deviations into Measures of Technical, Allocative and Overall Productive Efficiency Raymond J. Kopp and W.E. Diewert Journal of Econometrics | 1982
Measuring the Technical Efficiency of Production: A Comment Raymond J. Kopp Journal of Economic Theory | December 1981
The Measurement of Productive Efficiency: A Reconsideration Raymond J. Kopp Quarterly Journal of Economics | August 1981
Measuring Factor Substitution with Neoclassical Models: An Experimental Evaluation Raymond J. Kopp and V. Kerry Smith Bell Journal of Economics | Autumn 1980
Frontier Production Function Estimates for Steam Electric Generation: A Comparative Analysis Raymond J. Kopp and V. Kerry Smith Southern Economic Journal | April 1980
Toward a Definition of the Spatial Limits of Travel Cost Recreation Models Raymond J. Kopp and V. Kerry Smith Land Economics | February 1980
Environmental Regulation and Optimal Investment Behavior: A Micro-Economic Analysis Raymond J. Kopp and V. Kerry Smith Regional Science and Urban Economics | 1980
Further Evidence on the Properties of Neoclassical Estimates of the Aggregate Production Technology Raymond J. Kopp and V. Kerry Smith Economic Letters | 1980 | Vol. 5
Books, Chapters, and Reports
Energy, Resources and Global Development Jeffery Chow, Raymond J. Kopp, Paul R. Portney Science Magazine's State of the Planet 2006-2007 | Donald Kennedy | Washington, DC: American Association for the Advancement of Science, Island Press | 2006
Stimulating Technology to Slow Climate Change Raymond J. Kopp, Richard D. Morgenstern, Richard G. Newell, and William A. Pizer New Approaches on Energy and the Environment: Policy Advice for the President | Richard D. Morgenstern and Paul R. Portney, eds. | RFF Press | 2004 | Chapter 2
Reducing Cost Uncertainty and Encouraging Ratification of the Kyoto Protocol Raymond J. Kopp, Richard Morgenstern, William Pizer, and Frédéric Ghersi Global Warming in Asian-Pacific | R. Mendelsohn and D. Shaw eds. | Cheltenham, U.K.: Edward Elgar Publishing, Ltd. | 2002
Climate Policy and the Economics of Technical Advance: Drawing on Inventive Activity Raymond J. Kopp Climate Change Economics and Policy: An RFF Anthology | Michael A. Toman, ed. | RFF Press | 2001
A Proposal for Credible Early Action in US Climate Policy Raymond J. Kopp, Richard D. Morgenstern, William A. Pizer, and Michael A. Toman Flexible Mechanisms for Efficient Climate Policy: Cost Saving Policies and Business Opportunities | Karl Ludwig Brockmann and Marcus Stonzik, eds. | Heidelberg, Germany: Physica-Verlag | 2000
The Economics of Carbon Policy and the Importance of Endogenous Technical Change
Raymond J. Kopp U.S. Environmental Protection Agency (EPA), Department of Energy and the Electric Power Research | March 1998
Determining the Value of Non-marketed Goods: Economic, Psychological, and Policy Relevant Aspects of Contingent Valuation Methods
Raymond J. Kopp, Pommerehne and Schwarz, eds. Boston, MA: Kluwer Academic Publishers | 1997
Contingent Valuation: Economics, Law and Politics Raymond J. Kopp and Katherine A. Pease Determining the Value of Non-marketed Goods: Economic, Psychological, and Policy Relevant Aspects of Contingent Valuation Methods | Raymond J. Kopp, Pommerehne and Schwarz, eds. | Boston, MA: Kluwer Academic Publishers | 1997
Constructing Measure of Economic Value Raymond J. Kopp and V. Kerry Smith Determining the Value of Non-marketed Goods: Economic, Psychological, and Policy Relevant Aspects of Contingent Valuation Methods | Raymond J. Kopp, Pommerehne and Schwarz, eds. | Boston, MA: Kluwer Academic Publishers | 1997
Cost-Benefit Analysis and Regulatory Reform: An Assessment of the Science and the Art
Raymond J. Kopp, Alan J. Krupnick, and Michael A. Toman Congressional Commission on Risk Assessment and Risk Management | July 1996
Distributional and Environmental Consequences of Taxes on Energy: A Partial Equilibrium Model of U.S. Household Energy Demand Raymond J. Kopp, Hadi Dowlatabadi, and F. Ted Tschang Advances in the Economics of Energy and Resources: Energy Use and Sustainable Economic Growth, Volume IX | J. Moroney, ed. | Greenwich, CT: JAI Press, Inc. | 1995
Prospective Interim Lost Use Value Due to DDT and PCB Contamination in the Southern California Bight, Vol. I
Raymond J. Kopp, R.T. Carson, W.M. Hanemann, J.A. Krosnick, R.C. Mitchell, S. Presser, P.A. Ruud, and V.K. Smith National Oceanic and Atmospheric Administration (NOAA) | September 30, 1994 (Contract No. 50-DGNC-1-00007)
Integrated Economic and Ecological Modeling for Public Policy Decision Making
Raymond J. Kopp, Hadi Dowlatabadi, and Lawrence H. Goulder U.S. Environmental Protection Agency (EPA), Office of Policy, Planning and Evaluation | May 1994
Distributional and Environmental Consequences of Taxes on Energy: A Partial Equilibrium Model of U.S. Household Energy Demand
Raymond J. Kopp, Hadi Dowlatabadi, and F. Ted Tschang U.S. Environmental Protection Agency (EPA), Office of Research and Development | February 1994 (Grant No. R81-8458-010)
A Contingent Valuation Study of Lost Passive Use Values Resulting From The Exxon Valdez Oil Spill
Raymond J. Kopp, R.T. Carson, R.C. Mitchell, W.M. Hanemann, S. Presser, and P.A. Ruud Attorney General of the State of Alaska | November 10, 1992
Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis
Raymond J. Kopp and Wallace E. Oates (ed.) London: Edward Elgar | 1992
Social Cost of Environmental Quality Regulations: A General Equilibrium Analysis Raymond J. Kopp and Michael Hazilla The Economics of the Environment | Wallace E. Oates, ed. | Cheltenham, U.K.: Edward Elgar Publishing, Ltd. | 1992
Eagle Mine and Idarado Raymond J. Kopp and V. Kerry Smith Natural Resource Damages: Law and Economics | Ward and Duffield, eds. | New York, NY: John Wiley and Sons | 1992
The Health and Agricultural Benefits of Reductions in Ambient Ozone in the United States
Raymond J. Kopp and Alan J. Krupnick U.S. Congress, Office of Technology Assessment | June 1988
Intertemporal and Interspatial Estimates of Agricultural Productivity Raymond J. Kopp and Michael Hazilla Productivity and Technological Structure in Agriculture: Recent Evidence and New Directions | John Antle and Susan Capalbo, eds. | Baltimore, MD: Johns Hopkins University Press | 1988
Establishment-Level Data for Econometric, Engineering, and Policy Analysis
Raymond J. Kopp and Michael Hazilla National Science Foundation (NSF), Measurement Methods and Data Improvement Program | 1987 (Grant #SES-8500150)
The Social Cost of Alternative Ambient Air Quality Standards for Total Suspended Particulates: A General Equilibrium Analysis
Raymond J. Kopp and Michael Hazilla U.S. Environmental Protection Agency (EPA), Office of Air Quality Planning and Standards | 1986
Industrial Energy Substitution: Econometric Analysis of U.S. Data, 1958-74
Raymond J. Kopp and Michael Hazilla Electric Power Research Institute (EPRI) | April 1984 (Final Report EA-3462)
Agricultural Sector Benefits Analysis for Ozone: Methods Evaluation and Demonstration
Raymond J. Kopp, Michael Hazilla, and William J. Vaughan U.S. Environmental Protection Agency (EPA), Office of Air Quality Planning and Standards | 1983
The Performance of Neoclassical-Econometric Models of Natural Resource Substitution in the Presence of Environmental Constraints Raymond J. Kopp, Michael Hazilla and V. Kerry Smith Economic Theory of Natural Resources | W. Eichhorn, R. Henn, K. Neumann and R.W. Shephard, eds. | Heidelberg, Germany: Physica-Verlag | 1982
Neoclassical Measurement of Ex Ante Resource Substitution: An Experimental Evaluation Raymond J. Kopp and V. Kerry Smith Advances in the Economics of Energy and Resources, Vol. IV | J.R. Moroney, ed. | Greenwich, CT: JAI Press, Inc. | 1982
Stochastic Cost Frontiers and Perceived Technical Inefficiency Raymond J. Kopp, V. Kerry Smith, and William J. Vaughan Advances in Applied Microeconomics | V. Kerry Smith, ed. | : | 1982
Energy Residuals and Inefficiency: An Engineering-Econometric Analysis of Abatement Costs Raymond J. Kopp Advances in the Economics of Energy and Resources: Economic Aspects of New Technology - Volume III | J. Moroney, ed. | Greenwich, CT: JAI Press, Inc. | 1981
Productivity Measurement and Environmental Regulation: An Engineering-Econometric Analysis Raymond J. Kopp and V. Kerry Smith Productivity Measurement in Regulated Industries | T. Cowing and R. Stevenson, eds. | London, U.K.: Academic Press | 1981
Measuring the Prospects for Resource Substitution under Input and Technology Aggregations Raymond J. Kopp and V. Kerry Smith Modeling and Measuring Natural Resource Substitution | E.R. Berndt and B. Field, eds. | Cambridge, MA: Massachusetts Institute of Technology Press | 1981
The Perceived Role of Materials in Neoclassical Models of the Production Technology Raymond J. Kopp and V. Kerry Smith Restructuring the Economics of Natural Resources | V.K. Smith and J.V. Krutilla, eds. | Baltimore, MD: Johns Hopkins University Press | 1981
Estimating Environmental Compliance Costs for Industry: Engineering and Econometric Approaches
Raymond J. Kopp and Paul R. Portney National Science Foundation (NSF), Directorate for Scientific, Technological, and International Affairs, Division of Policy Research and Analysis | 1981
Short Articles, Issue Briefs, and Other Publications
Environmental Consequences of Tax Reform: Final Report Raymond J. Kopp Final Report to US Environmental Protection Agency (EPA) under a Cooperative Agreement | August 2001
Policy Instruments for Climate Change Raymond J. Kopp Oxford Energy Forum | August 1999 | Issue 38
Experts Meeting on the Choice of Modeling Platform for Carbon Policy Analysis Raymond J. Kopp and Michael A. Toman Report to U.S. Environmental Protection Agency (EPA), Office of Policy, Planning and Evaluation | April 1997
Impact of Environmental Legislation on U.S. Economic Growth, Investment and Capital Costs: Commentary Raymond J. Kopp U.S. Environmental Policy and Economic Growth: How Do We Fare? | (monograph series) | 1992 | Washington, D.C.: American Council for Capital Formation
International Comparisons of Environmental Regulations Paul R. Portney, Raymond J. Kopp, and Diane E. Dewitt Environmental Policy and the Cost of Capital | (monograph series) | 1990 | Washington, D.C.: American Council for Capital Formation
Was the NOAA Panel Correct About Contingent Valuation? Richard T. Carson, W. Michael Hanemann, Raymond J. Kopp, Jon A. Krosnick, Robert C. Mitchell, Stanley Presser, Paul A. Ruud, V. Kerry Smith, Michael Conaway, and Kerry Martin RFF Discussion Paper 96-20 | June 1996 | Abstract
Contingent Valuation: Economics, Law and Politics Raymond J. Kopp and Katherine Pease RFF Discussion Paper 95-26 | June 1995 | Abstract An electronic version of this report is not available.
Constructing Measures of Economic Value Raymond J. Kopp and V. Kerry Smith 1995 (Prepared for the 1st Toulouse Conference on the Environment and Resource Economics, Toulouse, France, March 17, 1995.)
Selected Presentations
Americans Evaluation of Policies to Reduce Greenhouse Gas Emissions Ray Kopp When Costs Are Considered, How Much Do Americans Really Want to Limit Greenhouse Gas Emissions? | New Scientist Magazine | Press Club, Washington DC | June 20, 2007
Presentation: Greenhouse Gas Policy in the US. Presentation to the National Association of Business Economists,
Presentation to the National Association of Business Economists, | Via teleconference | May 16, 2007
Presentation: Greenhouse Gas Policy in the US. Heads of Goldman Sachs Business Units, New York City
Heads of Goldman Sachs Business Units | New York City | May 10, 2007
Presentation: Greenhouse Gas Policy in the US. Presentation to the Board of Directors, New Jersey Resources, New Brunswick, NJ
New Jersey Resources | New Brunswick, NJ | May 8, 2007
Organizer
US Climate Policy Forum | Resources for the Future | Washington, DC | April 26, 2007
Greenhouse Gas Regulation in the US
US Chamber of Commerce, Environment Policy Committee | US Chamber of Commerce | Washington, DC | April 17, 2007
Greenhouse Gas Regulation in the US
The Business of Climate Change: Risks and Opportunities | Goldman Sacjs | New York City | April 13, 2007
The European Union Emissions Trading Scheme
Senate Energy and Natural Resources Committee Hearing | Senate Energy and Natural Resources Committee | Dirksen Office Building | March 26, 2007
The European Union Emissions Trading Scheme
Wacovia Investor call | Wacovia | Via teleconference | March 13, 2007
The EU-ETS Goldman Sachs Goldman Sachs Investor Conference Call | Via teleconference | January 30, 2007
Organizer
US Climate Policy Forum | Resources for the Future | Washington, DC | December 4, 2006
The European Union Emissions Trading Scheme
RFF New York City Breakfasts | Resources for the Future | New York City | November 20, 2006
Linking Existing Trading Regimes, ETIC Technical Meeting, CLIPORE: Clipore is financed by the Swedish Foundation for Strategic Environmental Research (Mistra) and is governed by a Swedish programme board comprised of representatives of the public and private sectors as well as academia.Stockholm, Sweden
ETIC Technical Meeting | CLIPORE: Clipore is financed by the Swedish Foundation for Strategic Environmental Research (Mistra) and is governed by a Swedish programme board comprised of representatives of the public and private sectors as well as academia. | Stockholm, Sweden | June 20, 2006
International Linkages
Mistra- ETIC Annual Meeting | MISTA | Stockholm, Sweeden | June 20, 2006
The European Union Emissions Trading Scheme
Presentation to Senator Bingaman and his staff | US Senate | Senate offices | June 20, 2006
Architectures for International Cooperation on Climate Change, Clipore Program Development Conference, Clipore - MISTRA, Stockholm Sweden
Clipore Program Development Conference | Clipore - MISTRA | Stockholm Sweden | May 17, 2006
Linking Trading Regimes Ray Kopp Business and Climate Change: Designing Integrated Strategies | The Frederick A. and Barbara M. Erb Institute for Global Sustainable Enterprise of the School of Natural Resources & Environment and the Ross School of Business | University of Michigan | May 5, 2006
The European Union Emissions Trading Scheme
Senate Energy and Natural Resources Committee Staff Workshop | Senate Energy and Natural Resources Committee | Dirksen Office Building | March 23, 2006
The Past as a Guide to the Future: What Has the UNFCCC Process Taught Us? Raymond Kopp Climate Policy in the US and Japan Prospects in 2005 and Beyond | EGIS - GISPRI | Toyko, Japan | May 12, 2005
Professional Activities
Memberships: Member, Consumer Energy Council of America Transmission Infrastructure Forum Member, Scientific Committee for Modeling the Transition to Sustainable Development Member of the Advisory Committee Climate Policy Center, Washington, DC Member of the Advisory Committee for the Center for Environment and Natural Resource Economics and Policy, North Carolina State University. Member, U.S. Department of State Advisory Committee on International Economic Policy, 1999 - present. Treasurer, Association of Environmental and Resource Economists (AERE), 1994 - present. Board of Directors, Association of Environmental and Resource Economists (AERE), 1990 - 1992.
Editorial Activities: Editorial Council, Journal of Environmental Economics and Management, 1992 - 1995. Associate Editor, Journal of Productivity Analysis, 1989 - 1992.
Consulting Activities: Cost-Benefit Analysis -- Endangered Species Act, Industrial Economics for the US department of the Interior, 2006-Present Natural Resource Damages -- 1991 Iraqi Invasion of Kuwait, for the United Nations Compensation Commission a subsidiary organ of the United Nations Security Council, 2004-2005 Natural Resource Damages -- Marine Sediment Contamination, for the US Department of Justice, 2004 Natural Resource Damages -- Groundwater Contamination, Steptoe & Johnson LLP, 2002-2003 Natural Resource Damages -- Groundwater Contamination, The Collins Law, 2000-2001 Non-market Valuation -- Federal Tax for Caplin & Drysdale, 1989-2000 Natural Resource Damages -- Hazardous Waste Release, for the California Attorney General, 1989-2000 Natural Resource Damages -- Groundwater Contamination, for Vega Alta, 1989-2000 Natural Resource Damages -- Oil Spill, for the US Department of Justice, 1989-2000 Natural Resource Damages -- Marine Sediment Contamination, for the US Department of Justice / National Oceanic and Atmospheric Administration, 1989-2000 Natural Resource Damages -- Mine Waste Contamination, for the US Department of Justice / National Oceanic and Atmospheric Administration, 1989-2000 Natural Resource Damages -- Marine Sediment Contamination, for the US Department of Justice / National Oceanic and Atmospheric Administration, 1989-2000 Natural Resource Damages -- Oil Spill, for the California Attorney General, 1989-2000 Natural Resource Damages -- Oil Spill, for the US Department of Justice, 1989-2000 Natural Resource Damages -- Oil Spill, for the Attorney General, State of Alaska, 1989-2000
Public Service
"The Natural Resource Damage Provisions of CERCLA and OPA." Delivered to the U.S. House of Representatives, Committee on Transportation, Subcommittee on Water Resources and Environment, July 11, 1995.
