Leonard Shabman Professor Emeritus Resources and Environmental Economics Ph.D. 1972, Cornell University E-mail: shabman@vt.edu

Len Shabman joined the Virginia Tech faculty in 1972 and became the director of the Virginia Water Resources Research Center (on a half time basis) in 1995. He owns a cabin on the Chesapeake Bay and enjoys sailing, fishing, and other water's-edge activities. His teaching responsibility includes courses in resource and environmental economics and in research methodology. His present research work stresses the use of market incentives in environmental management. Policy studies include water supply, water quality, and flood hazard management, large scale river restoration, fishery management, public investment analysis, and the role of economists in public policy formulation. He has published numerous professional articles and reports on these topics. Because of his commitment to translating research findings into public policy decisions, he has served as an advisor to federal, state, and local government agencies on a wide variety of resource issues. Recently, he has served as a member on the National Academy of Sciences, National Research Council Committees on the Restoration of Aquatic Ecosystems, on Flood Control Alternatives for the American River (California), on Watershed Management and on Water Research.

Selected Publications:

Shabman, L. and K. Stephenson, "Searching for the Correct Benefit Estimate: Empirical Evidence for an Alternative Perspective" Land Economics (November 1996).

Shabman, L. and K. Stephenson, P. Scodari. "Wetlands Credit Sales as a Strategy for Achieving No Net Loss: The Limitations of Regulatory Conditions." Wetlands. 18.3 (September 1998) .

Stephenson, K., P. Norris, L. Shabman. "Watershed Based Effluent Trading: The Nonpoint Source Challenge." Contemporary Economic Policy (October 1998).

Amacher, L. Shabman, J. Sullivan, L. Zepp, . "Reforestation of Flooded Farmland." Journal of Forestry. (May 1998)

Shabman, L., and M. Fina. "Some Unconventional Thoughts on Sprawl." William & Mary Environmental Law and Policy Review. (April 1999).

Stephenson, K., Shabman, L., Geyer, L. "Watershed-based Effluent Allowance Trading: Identifying the Statutory and Regulatory Barriers to Implementation." The Environmental Lawyer. (June 1999).