Date of Award

2016

Document Type

Thesis

Degree Name

Bachelor of Arts

Department

Economics

First Advisor

Joerg Bibow

Abstract

The opportunity to write both a Capstone and a Thesis has provided me a unique opportunity to supplement what I’ve learned and what I hope to achieve in each discipline with the other. In my ES Capstone, I explore the decision-making processes of stakeholders in a local, risky, and hot topic area: crude oil transport by rail.

In my EC Thesis I address the same issue, but from a different angle. I use Robert Costanza's method of ecosystem valuation to value the ecosystem services in New York State via the benefit transfer method. I then predict the proportion of these services at risk if there were to be a train derailment, thereby placing monetary value on that environmental risk. I end by analyzing the current political status of the issue and making recommendations for future national, statewide, and local policies.

Creative Commons License

Creative Commons Attribution 4.0 License
This work is licensed under a Creative Commons Attribution 4.0 License.

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Economics Commons

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