Professor Alan Randall

C81 - ATP - The Biomedical Building
The University of Sydney

Telephone Tel: +61 2 8627 1101
Fax Fax: +61 2 8627 1099

Curriculum vitae Curriculum vitae

Biographical details

Alan Randall is an honorary professor of Economics and Life & Environmental Sciences at the University of Sydney, and a professor emeritus and scholar in residence in the Sustainable and Resilient Economy Discovery Theme at the Ohio State University. His research interests are in environmental economics with modest sidelines in research methods and environmental ethics. His writings include Risk and Precaution (Cambridge 2011), Resource Economics: An Economic Approach to Natural Resource and Environmental Policy (4th ed, Edward Elgar, in press, with John C. Bergstrom), Making the Environment Count: Selected Essays, (Edward Elgar, 1999), and numerous journal articles. In addition to research and classroom teaching, he has supervised 28 PhD students to graduation, served as chair of Agricultural, Environmental and Development Economics at Ohio State (1998-2010) and head of Agricultural and Resource Economics at the University ofSydney (2011-2014), and has been active in consulting and on committees advisory to various public agencies. Alan holds two honorary doctorates, is a Fellow of three scholarly societies, recently served as President of the Australian Agricultural and Resource Economics Society, and completed a 6-year term on the US National Research Council standing committee on human dimensions of global change. He chaired the external review panel for CSIRO’s recent Australian National Outlook project.

Research interests

To pursue his interests, Professor Randall's research involves theory and practice of welfare change measurement and benefit cost analysis; nonmarket valuation of environmental goods, services and amenities; economic assessment of natural resources damages; economic theory of conservation; theory and measurement of sustainability; and the ethical foundations of welfare economics and benefit cost analysis. His most recent research, on the precautionary principle and how it might be integrated into risk management practice, has been published in the book Risk and Precaution (Cambridge University Press, 2011), and he expects this mostly conceptual work to provide a platform for applied research in management of risk, especially climate-related risk. His current research interests are focused on sustainability in the Murray-Darling Basin and the economics of climate adaptation..

Current research students

Project title Research student
FOREST GOVERNANCE AND ECONOMIC VALUES OF FOREST ECOSYSTEM SERVICES IN THE NORTHWEST REGION OF VIETNAM Duc NGUYEN

Themes

Agricultural and Resource Economics

Selected grants

2011

  • Understanding end-user decisions and the value of climate information under the risks and uncertainties of future climates; Randall A; National Climate Change Adaptation Research Facility/Synthesis and Integrative Research.

Selected publications

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Books

  • Bergstrom, J., Randall, A. (2016). Resource Economics: An Economic Approach to Natural Resource and Environmental Policy, 4th Ed. UK: Edward Elgar Publishing.
  • Hertzler, G., Sanderson, T., Capon, T., Hayman, P., Kingwell, R., McClintock, A., Crean, J., Randall, A. (2013). Will primary producers continue to adjust practices and technologies, change production systems or transform their industry An application of real options. Gold Coast: National Climate Change Adaptation Research Facility NCCARF.
  • Randall, A., Capon, T., Sanderson, T., Merrett, D., Hertzler, G. (2012). Choosing a decision-making framework to manage uncertainty in climate adaptation decision-making: a Practitioner's Handbook. Southport: National Climate Change Adaptation Research Facility NCCARF.
  • Randall, A., Capon, T., Sanderson, T., Merrett, D., Hertzler, G. (2012). Making decisions under the risks and uncertainties of future climates. Southport: National Climate Change Adaptation Research Facility NCCARF.
  • Bergstrom, J., Randall, A. (2011). Resource Economics: An Economic Approach to Natural Resource and Environmental Policy - 3rd Edition. United Kingdom: Edward Elgar Publishing.
  • Randall, A. (2011). Risk and Precaution. United Kingdom: Cambridge University Press.

Book Chapters

  • Randall, A. (2015). Coal Seam Gas Recovery in Australia: Economic, Environmental and Policy Issues. In R E Hester, R M Harrison (Eds.), Fracking, (pp. 151-180). Cambridge: Royal Society of Chemistry. [More Information]
  • Hertzler, G., Sanderson, T., Capon, T., Hayman, P., Kingwell, R., McClintock, A., Crean, J., Randall, A. (2015). Farmer decision-making under climate change: a real options analysis. In Jean P Palutikof, Sarah L Boulter, Jon Barnett, David Rissik (Eds.), Applied Studies in Climate Adaptation, (pp. 122-129). Chichester: John Wiley & Sons.
  • Randall, A. (2014). Precautionary Principle. In Timothy C. Haab, John C. Whitehead (Eds.), Environmental and Natural Resource Economics: An Encyclopedia, (pp. 264-268). Santa Barbara: ABC-Clio.
  • Randall, A. (2014). Weak sustainability, conservation, and precaution. In Giles Atkinson, Simon Dietz, Eric Neumayer and Matthew Agarwala (Eds.), Handbook of Sustainable Development, (pp. 160-172). Cheltenham, UK: Edward Elgar Publishing. [More Information]
  • Randall, A. (2012). Foreward. In Helen Scarborough, Jeff Bennett (Eds.), Cost Benefit Analysis and Distributional Preferences, (pp. xi-xiii). Cheltenham, UK: Edward Elgar Publishing.
  • Randall, A. (2011). Innovation, Risk, Precaution, and the Regulation of GM Crops. In Colin A. Carter, GianCarlo Moschini, Ian Sheldon (Eds.), Genetically Modified Food and Global Welfare: Frontiers of Economics and Globalization Volume 10, (pp. 337-367). United Kingdom: Emerald Group Publishing.
  • Irwin, E., Randall, A., Chen, Y. (2008). Exploring the Prospects for Amenity-Driven Growth in Rural Areas. In JunJie Wu, Paul W. Barkley, Bruce A. Weber (Eds.), Frontiers in Resource and Rural Economics: Human-Nature, Rural-Urban Interdependencies, (pp. 82-93). Washington, United States: Resources for the Future.
  • Bishop, R., Lipton, J., Margolis, M., Meade, N., Peterson, G., Randall, A. (2008). Integrating Economics and Ecological Assessment. In R.G. Stahl. L.A. Kapustka, W.R. Munns, Jr, and R.J.F. Bruins (Eds.), Valuation of Ecological Resources: Integration of Ecology and Socioeconomics in Environmental Decision Making, (pp. 45-57). Florida: Society of Environmental Toxicology and Chemistry (SETAC).
  • Randall, A. (2007). Benefit–Cost Analysis and a Safe Minimum Standard of Conservation. In Giles Atkinson , Simon Dietz , Eric Neumayer (Eds.), Handbook Of Sustainable Development, (pp. 91-105). United Kingdom: Edward Elgar Publishing.
  • Randall, A. (2006). Discounting Future Prospects, and the Quest for Sustainability. In David J. Pannell, Steven Schilizzi (Eds.), Economics and the Future: Time and Discounting in Private and Public Decision Making. United Kingdom: Edward Elgar Publishing.
  • Randall, A. (2005). Foreword: Risk and Action – Figuring Out the Right Thing to Do. In Randall JF Bruins and Matthew T Heberling (Eds.), Economics and Ecological Risk Assessment: Applications to Watershed Management. New York: CRC Press.
  • Farmer, M., Randall, A. (2005). Making Value Compromises in an Efficient Economy: Efficiency as Value Dialogue. In J. L. Innes, G. Hickey, H. F. Hoen (Eds.), Forestry and Environmental Change: Socioeconomic and Political Dimensions, (pp. 31-52). New York: CABI Publishing.

Journals

  • Randall, A. (2016). Ambiguity, learning opportunities and risk-neutral regulation. Australian Journal of Agricultural and Resource Economics, 60(2), 1-18. [More Information]
  • Bennett, J., Randall, A. (2016). Antipodean agricultural and resource economics at 60: environmental economics. Australian Journal of Agricultural and Resource Economics, Article in press. [More Information]
  • Irwin, E., Gopalakrishnan, S., Randall, A. (2016). Welfare, Wealth, and Sustainability. Annual Review of Resource Economics, 8. [More Information]
  • Suding, K., Higgs, E., Palmer, M., Callicott, J., Anderson, C., Baker, M., Gutrich, J., Hondula, K., LaFevor, M., Larson, B., Randall, A., et al (2015). Committing to ecological restoration: Efforts around the globe need legal and policy clarification. Science, 348(6235), 638-640. [More Information]
  • Randall, A. (2014). Probing the Limits of Risk Neutral Government. Journal of Natural Resources Policy Research, 6(1 (Jan 2014)), 65-69. [More Information]
  • Chen, C., Randall, A. (2013). The Economic Contest Between Coal Seam Gas Mining and Agriculture on Prime Farmland: It May Be Closer than We Thought. Journal of Economic and Social Policy, 15(3), 1-30.
  • Randall, A. (2012). Coal seam gas - Toward a risk management framework for a novel intervention. Environmental and Planning Law Journal, 29(2), 152-162.
  • Randall, A. (2010). Multifunctional Agriculture: An Engine of Regional Economic Growth. APSTRACT: Applied Studies in Agribusiness and Commerce, 4(1-2), 7-15.
  • Randall, A. (2009). Reflections on Solow's 1974 Richard T. Ely Address. Journal of Natural Resources Policy Research, 1(1), 97-101. [More Information]
  • Randall, A. (2009). We Already Have Risk Management - Do We Really Need the Precautionary Principle? International Review of Environmental and Resource Economics, 3(1), 39-74. [More Information]
  • Randall, A. (2008). Is Australia on a sustainability path? Interpreting the clues. Australian Journal of Agricultural and Resource Economics, 52(1), 77-95. [More Information]
  • Robertson, G., Allen, V., Boody, G., Boose, E., Creamer, N., Havlin, J., Drinkwater, L., Gosz, J., Lynch, L., Pitelka, L., Randall, A., et al (2008). Long-term Agricultural Research: A Research, Education, and Extension Imperative. BioScience, 58(7), 640-645. [More Information]
  • Randall, A. (2007). A consistent valuation and pricing framework for non-commodity outputs: Progress and prospects. Agriculture, Ecosystems and Environment, 120(1), 21-30. [More Information]
  • Katchova, A., Randall, A. (2005). Welfare Analysis of the Chinese Grain Policy Reforms. International Journal of Applied Economics, 2(1), 25-36.
  • Randall, A. (2002). Valuing the outputs of multifunctional agriculture. European Review, 29(3), 289-307. [More Information]

Conferences

  • Hertzler, G., Sanderson, T., Capon, T., Hayman, P., Kingwell, R., McClintock, A., Crean, J., Randall, A. (2013). Will Primary Producers Transform Their Industry in Response to Climate Change. 2013 National Adaptation Conference, Sydney: National Climate Change Adaptation Research Facility NCCARF.

Reference Works

  • Randall, A. (2008). Cost-Benefit Analysis. Encyclopedia of Environmental Ethics and Philosophy. (pp. 189-193). United States: Macmillan Reference USA.

2016

  • Randall, A. (2016). Ambiguity, learning opportunities and risk-neutral regulation. Australian Journal of Agricultural and Resource Economics, 60(2), 1-18. [More Information]
  • Bennett, J., Randall, A. (2016). Antipodean agricultural and resource economics at 60: environmental economics. Australian Journal of Agricultural and Resource Economics, Article in press. [More Information]
  • Bergstrom, J., Randall, A. (2016). Resource Economics: An Economic Approach to Natural Resource and Environmental Policy, 4th Ed. UK: Edward Elgar Publishing.
  • Irwin, E., Gopalakrishnan, S., Randall, A. (2016). Welfare, Wealth, and Sustainability. Annual Review of Resource Economics, 8. [More Information]

2015

  • Randall, A. (2015). Coal Seam Gas Recovery in Australia: Economic, Environmental and Policy Issues. In R E Hester, R M Harrison (Eds.), Fracking, (pp. 151-180). Cambridge: Royal Society of Chemistry. [More Information]
  • Suding, K., Higgs, E., Palmer, M., Callicott, J., Anderson, C., Baker, M., Gutrich, J., Hondula, K., LaFevor, M., Larson, B., Randall, A., et al (2015). Committing to ecological restoration: Efforts around the globe need legal and policy clarification. Science, 348(6235), 638-640. [More Information]
  • Hertzler, G., Sanderson, T., Capon, T., Hayman, P., Kingwell, R., McClintock, A., Crean, J., Randall, A. (2015). Farmer decision-making under climate change: a real options analysis. In Jean P Palutikof, Sarah L Boulter, Jon Barnett, David Rissik (Eds.), Applied Studies in Climate Adaptation, (pp. 122-129). Chichester: John Wiley & Sons.

2014

  • Randall, A. (2014). Precautionary Principle. In Timothy C. Haab, John C. Whitehead (Eds.), Environmental and Natural Resource Economics: An Encyclopedia, (pp. 264-268). Santa Barbara: ABC-Clio.
  • Randall, A. (2014). Probing the Limits of Risk Neutral Government. Journal of Natural Resources Policy Research, 6(1 (Jan 2014)), 65-69. [More Information]
  • Randall, A. (2014). Weak sustainability, conservation, and precaution. In Giles Atkinson, Simon Dietz, Eric Neumayer and Matthew Agarwala (Eds.), Handbook of Sustainable Development, (pp. 160-172). Cheltenham, UK: Edward Elgar Publishing. [More Information]

2013

  • Chen, C., Randall, A. (2013). The Economic Contest Between Coal Seam Gas Mining and Agriculture on Prime Farmland: It May Be Closer than We Thought. Journal of Economic and Social Policy, 15(3), 1-30.
  • Hertzler, G., Sanderson, T., Capon, T., Hayman, P., Kingwell, R., McClintock, A., Crean, J., Randall, A. (2013). Will primary producers continue to adjust practices and technologies, change production systems or transform their industry An application of real options. Gold Coast: National Climate Change Adaptation Research Facility NCCARF.
  • Hertzler, G., Sanderson, T., Capon, T., Hayman, P., Kingwell, R., McClintock, A., Crean, J., Randall, A. (2013). Will Primary Producers Transform Their Industry in Response to Climate Change. 2013 National Adaptation Conference, Sydney: National Climate Change Adaptation Research Facility NCCARF.

2012

  • Randall, A., Capon, T., Sanderson, T., Merrett, D., Hertzler, G. (2012). Choosing a decision-making framework to manage uncertainty in climate adaptation decision-making: a Practitioner's Handbook. Southport: National Climate Change Adaptation Research Facility NCCARF.
  • Randall, A. (2012). Coal seam gas - Toward a risk management framework for a novel intervention. Environmental and Planning Law Journal, 29(2), 152-162.
  • Randall, A. (2012). Foreward. In Helen Scarborough, Jeff Bennett (Eds.), Cost Benefit Analysis and Distributional Preferences, (pp. xi-xiii). Cheltenham, UK: Edward Elgar Publishing.
  • Randall, A., Capon, T., Sanderson, T., Merrett, D., Hertzler, G. (2012). Making decisions under the risks and uncertainties of future climates. Southport: National Climate Change Adaptation Research Facility NCCARF.

2011

  • Randall, A. (2011). Innovation, Risk, Precaution, and the Regulation of GM Crops. In Colin A. Carter, GianCarlo Moschini, Ian Sheldon (Eds.), Genetically Modified Food and Global Welfare: Frontiers of Economics and Globalization Volume 10, (pp. 337-367). United Kingdom: Emerald Group Publishing.
  • Bergstrom, J., Randall, A. (2011). Resource Economics: An Economic Approach to Natural Resource and Environmental Policy - 3rd Edition. United Kingdom: Edward Elgar Publishing.
  • Randall, A. (2011). Risk and Precaution. United Kingdom: Cambridge University Press.

2010

  • Randall, A. (2010). Multifunctional Agriculture: An Engine of Regional Economic Growth. APSTRACT: Applied Studies in Agribusiness and Commerce, 4(1-2), 7-15.

2009

  • Randall, A. (2009). Reflections on Solow's 1974 Richard T. Ely Address. Journal of Natural Resources Policy Research, 1(1), 97-101. [More Information]
  • Randall, A. (2009). We Already Have Risk Management - Do We Really Need the Precautionary Principle? International Review of Environmental and Resource Economics, 3(1), 39-74. [More Information]

2008

  • Randall, A. (2008). Cost-Benefit Analysis. Encyclopedia of Environmental Ethics and Philosophy. (pp. 189-193). United States: Macmillan Reference USA.
  • Irwin, E., Randall, A., Chen, Y. (2008). Exploring the Prospects for Amenity-Driven Growth in Rural Areas. In JunJie Wu, Paul W. Barkley, Bruce A. Weber (Eds.), Frontiers in Resource and Rural Economics: Human-Nature, Rural-Urban Interdependencies, (pp. 82-93). Washington, United States: Resources for the Future.
  • Bishop, R., Lipton, J., Margolis, M., Meade, N., Peterson, G., Randall, A. (2008). Integrating Economics and Ecological Assessment. In R.G. Stahl. L.A. Kapustka, W.R. Munns, Jr, and R.J.F. Bruins (Eds.), Valuation of Ecological Resources: Integration of Ecology and Socioeconomics in Environmental Decision Making, (pp. 45-57). Florida: Society of Environmental Toxicology and Chemistry (SETAC).
  • Randall, A. (2008). Is Australia on a sustainability path? Interpreting the clues. Australian Journal of Agricultural and Resource Economics, 52(1), 77-95. [More Information]
  • Robertson, G., Allen, V., Boody, G., Boose, E., Creamer, N., Havlin, J., Drinkwater, L., Gosz, J., Lynch, L., Pitelka, L., Randall, A., et al (2008). Long-term Agricultural Research: A Research, Education, and Extension Imperative. BioScience, 58(7), 640-645. [More Information]

2007

  • Randall, A. (2007). A consistent valuation and pricing framework for non-commodity outputs: Progress and prospects. Agriculture, Ecosystems and Environment, 120(1), 21-30. [More Information]
  • Randall, A. (2007). Benefit–Cost Analysis and a Safe Minimum Standard of Conservation. In Giles Atkinson , Simon Dietz , Eric Neumayer (Eds.), Handbook Of Sustainable Development, (pp. 91-105). United Kingdom: Edward Elgar Publishing.

2006

  • Randall, A. (2006). Discounting Future Prospects, and the Quest for Sustainability. In David J. Pannell, Steven Schilizzi (Eds.), Economics and the Future: Time and Discounting in Private and Public Decision Making. United Kingdom: Edward Elgar Publishing.

2005

  • Randall, A. (2005). Foreword: Risk and Action – Figuring Out the Right Thing to Do. In Randall JF Bruins and Matthew T Heberling (Eds.), Economics and Ecological Risk Assessment: Applications to Watershed Management. New York: CRC Press.
  • Farmer, M., Randall, A. (2005). Making Value Compromises in an Efficient Economy: Efficiency as Value Dialogue. In J. L. Innes, G. Hickey, H. F. Hoen (Eds.), Forestry and Environmental Change: Socioeconomic and Political Dimensions, (pp. 31-52). New York: CABI Publishing.
  • Katchova, A., Randall, A. (2005). Welfare Analysis of the Chinese Grain Policy Reforms. International Journal of Applied Economics, 2(1), 25-36.

2002

  • Randall, A. (2002). Valuing the outputs of multifunctional agriculture. European Review, 29(3), 289-307. [More Information]

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