Biography
Banzhaf's research has focused on nonmarket valuation of air quality and other public goods. His latest work proposes an approach to incorporating public goods into cost-of-living indexes, such as the U.S. consumer price index. In related research, he has studied the influence of air quality on consumer decisions regarding home purchase and consumer valuation of health effects associated with air pollution. Banzhaf has also conducted research on values for outdoor recreation in connection with natural resource damage assessments.
Banzhaf has taught at Duke University and is a member of the American Economic Association, the Association of Environmental and Resource Economists, and the History of Economics Society.
Head Teaching Assistant, Duke University, "Introduction to Microeconomics;" Teaching Assistant: "Introduction to Macroeconomics," "Intermediate Microeconomics," and "History of Economic Thought," 1995 - 1997.
Economist, Research Triangle Institute, 1992 - 1995.
Intern, U.S. Senator Robert W. Kasten, Jr., Summers 1990, 1991.
Journal Articles
Valuation of Natural Resource Improvements in the Adirondacks Spencer Banzhaf, Dallas Burtraw, David Evans, and Alan Krupnick Land Economics | August 2006 | Vol. 82, No. 3 | pp. 445-464
Green Price Indices H.S. Banzhaf Journal of Environmental Economics and Management | March 2005 | Vol. 49, No. 2 | pp. 262-280 | Related Discussion Paper 02-09
Estimating the General Equilibrium Benefits of Large Changes in Spatially Delineated Public Goods H.S. Banzhaf, H. Sieg, V.K. Smith, and R. Walsh International Economic Review | 2004 | Vol. 45, No. 4 | pp. 1047-1077
General Equilibrium Benefit Transfers for Environment Improvements: Projected Ozone Reductions under EPA's Prospective Analysis for the Los Angeles Air Basin V.K. Smith, H. Sieg, H.S. Banzhaf, and R. Walsh Journal of Environment Economics and Management | 2004 | Vol. 47, No. 3 | pp. 559-584 | Related Discussion Paper 02-44
A Diagrammatic Exposition of Weak Complementarity and the Willig Condition V.K. Smith and H.S. Banzhaf American Journal of Agricultural Economics | 2004 | Vol. 86, No.2 | pp. 455-466
The Form and Function of Price Indexes: An Historical Accounting H.S. Banzhaf History of Political Economy | 2004 | Vol. 36, No. 4 | pp. 589-616
Efficient Emission Fees in the U.S. Electric Sector Spencer Banzhaf, Dallas Burtraw, and Karen Palmer Resource and Energy Economics | September 2004 | Vol. 26, No. 3 | pp. 317 - 341 | Related Discussion Paper 02-45
Interjurisdictional Housing Prices in Locational Equilibrium H. Sieg, V.K. Smith, H.S. Banzhaf, and R. Walsh Journal of Urban Economics | 2002 | Vol. 52, No. 1 | pp. 131-153
Capping Emissions: How Low Should We Go? Spencer Banzhaf, Dallaw Burtraw, and Karen Palmer Public Utilities Fortnightly | December, 2002 | Vol. 140, No. 22 | pp. 28-36
Productive Nature and the Net Product H.S. Banzhaf History of Political Economy | 2000 | Vol. 32, No. 3 | pp. 517-552
The Role of Optimizing Behavior in Willingness-to-Pay Estimates for Air Quality H. Sieg, V.K. Smith, H.S. Banzhaf, and R. Walsh American Journal of Agricultural Economics | 1999 | Vol. 81, No. 5 | pp. 1112-1117
Archiving the History of Economics E.R. Weintraub, S.J. Meardon, T.A. Gayer, and H.S. Banzhaf Journal of Economic Literature | 1998 | Vol. 36 | pp. 1496-1501
Valuing Morbidity: An Integration of the Willingness to Pay and Health Status Index Literatures F.R. Johnson, E.E. Fries, and H.S. Banzhaf Journal of Health Economics | 1997 | Vol. 16 | pp. 641-665
Assessing the Externalities of Electricity Generation in the Midwest H.S. Banzhaf, W.H. Desvousges, and F.R. Johnson Resource and Energy Economics | 1996 | Vol. 18 | pp. 395-421
Books, Chapters, and Reports
The Architecture and Measurement of an Ecosystem Services Index
Spencer Banzhaf and James Boyd (Title to be determined) | V. Kerry Smith | : | 2005 This chapter appears in a forthcoming book.
Creating a Bureau of Environmental Statistics H. Spencer Banzhaf New Approaches on Energy and the Environment: Policy Advice for the President | Richard D. Morgenstern and Paul R. Portney, eds. | RFF Press | 2004 | Chapter 23
Quantifying the Qualitative: Quality-Adjusted Price Indexes, 1915 - 1961 H. Spencer Banzhaf The Age of Economic Measurement | J.L. Klein and M.S. Morgan (eds.) | Durham, NC: Duke University Press | 2001
Environmental Policy Analysis with Limited Information
W.H. Desvousges, F.R. Johnson, and H.S. Banzhaf Cheltenham, U.K.: Edward Elgar | 1998
Assessing Environmental Externality Costs for Electricity Generation in Wisconsin
W.H. Desvousges, F.R. Johnson, H. Spencer Banzhaf, R.R. Russell, E.E. Fries, K.J. Dietz, S.C. Helms, D. Keen, J. Snyder, H. Balentine, V. Sadeghi, and S.A. Martin [Wisconsin] Task Force on Externality Costing | June 1995
Assessing Environmental Externality Costs for Electricity Generation
W.H. Desvousges, F.R. Johnson, H.S. Banzhaf, R.R. Russell, E.E. Fries, K.J. Dietz, S.C. Helms, D. Keen, J. Snyder, H. Balentine, V. Sadeghi, and S.A. Martin Northern States Power Company | May 1995
Damage Estimates for Selected Recreation Activities from the Avila Beach Oil Spill
R.W. Dunford, K.E. Mathews, and H.S. Banzhaf Union Oil Company of California | May 1993
Using Contingent Valuation to Measure Nonuse Damages: An Assessment of Validity and Reliability
W.H. Desvousges, F.R. Johnson, R.W. Dunford, K.N. Wilson, H.S. Banzhaf, and K.J. Stettler National Oceanic and Atmospheric Administration (NOAA), Contingent Valuation Panel | July 1992
Short Articles, Issue Briefs, and Other Publications
Capping Emissions: How Low Should We Go? Karen L. Palmer, Spencer Banzhaf, and Dallas Burtraw Public Utilities Fortnightly | December 2002 | Vol. 140, No. 2 | pp. 28-36
Proposed Regulation of Multiple Pollutants in Electricity Sector is Historic: But is it Sensible? Spencer Banzhaf, Dallas Burtraw, and Karen Palmer Resources | Summer 2002 | Issue 148 | pp. 2-5
Book review of "The Environmental Consequences of War," J.E. Austin and C.E. Bruch, eds. H. Spencer Banzhaf Journal of Economic Literature | March 2002
A Cooperative Approach for Measuring Direct-Use Damages: The 1992 Avila Beach (CA) Oil Spill R.W. Dunford, K.E. Matthews, and H.S. Banzhaf International Oil Spill Conference, Long Beach, CA | February 1995
A Diagrammatic Exposition of Weak Complementarity and the Willig Condition V.K. Smith and H.S. Banzhaf August 2001 Forthcoming in American Journal of Agricultural Economics
Estimating the General Equilibrium Benefits of Large Changes in Spatially Delineated Public Goods H. Sieg, V.K. Smith, H.S. Banzhaf, and R. Walsh March 2000 Forthcoming in International Economic Review
Simulated Tests of the Usefulness of First-Stage Hedonic Regressions H.S. Banzhaf August 1997
Estimating Recreation Use Levels with Periodic Counts H.S. Banzhaf Triangle Economic Research (TER) Working Paper No. T-9602 | 1996
Images of Generation: Animal Oeconomy and Prosperity in Doctors Quesnay and Mandeville H.S. Banzhaf and N. De Marchi Duke University | 1994
Selected Presentations
Estimating Random Utility Models of Housing Choice: Space, Time, and Budgets H. S. Banzhaf Camp Resources | Wilmington, NC | August 1, 2002
Testing for Environmental Racism H. S. Banzhaf and R. Walsh World Congress of Environmental Economists | Monterey, CA | June 2, 2002
Efficient Emission Fees in the U.S. Electricity Sector H. S. Banzhaf, D. Burtraw, and K. Palmer World Congress of Environmental Economists | Monterey, CA | June 2, 2002
Price Indexes, Then and Now H. Spencer Banzhaf Duke University History of Political Economy Workshop | Durham, NC | March 1, 2002
Quality Adjusted Prices for Spatially Delineated Public Goods H. Spencer Banzhaf Baylor University | Waco, TX | January 1, 2002 Also presented Bureau of Labor Statistics at Camp Resources; Duke University; Eastern Carolina University; Oberlin College; Research Triangle Institute; Resources for the Future; Rice University; Scripps College; University of Alabama; and University of Tennessee.
Quantifying the Qualitative: Quality-Adjusted Prices, 1915-1961 H. Spencer Banzhaf The Age of Economic Measurement | Durham, NC | April 1, 2000 Duke University History of Political Economy Workshop
Estimating the General Equilibrium Benefits of Large Policy Changes H.S. Banzhaf and R. Walsh Allied Social Science Associations (ASSA) Meetings, Econometric Society Session | ASSA | Boston, MA | January 1, 2000 Hotelling Triangle Econometrics Conference, December 1999.
A Repeat-Sales Hedonic Model of Air Pollution with Sample Selection Bias H. Spencer Banzhaf Camp Resources | Wilmington, NC | August 1, 1999
Simulated Tests of the Usefulness of First-Stage Hedonic Regressions H. Spencer Banzhaf Camp Resources | Wilmington, NC | August 1, 1997
A Cooperative Approach for Measuring Direct-Use Damages: The 1992 Avila Beach (CA) Oil Spill R.W. Dunford, K.E. Mathews, and H.S. Banzhaf International Oil Spill Conference | Long Beach, CA | February 27, 1995
Awards
Harvey Fellow, 1998 - 2001.
Duke University, Department of Economics, "Best Undergraduate Honors Thesis," 1992.
Professional Activities
Professional Associations: American Economics Association
Association of Christian Economists
Association of Environmental and Resource Economists
History of Economics Society
Editorial Activities: Assistant to the editor, History of Political Economy, 1997 - 1998.
Referee: History of Political Economy
Journal of Environmental Economics and Management (JEEM)
Journal of Environmental Management
Land Economics
Risk Analysis
Public Service
Panels and Symposiums: Discussant, National Bureau of Economic Research Meetings, 2002 Discussant, History of Economics Society Meetings, 1999. Member, Panel on Archiving the History of Economics, History of Economics Society Meetings, 1997. Reviewer, Harvey Fellows Program. Discussant, World Congress of Environmental Economists, 2002.
