Publications

Lloyd-Smith, P, J. Abbott, W. Adamowicz, D. Willard (accepted). “Decoupling the Value of Leisure Time from Labor Market Returns in Travel Cost Models” Journal of the Association of Environmental and Resource Economists) [Paper] [Appendix]

Lloyd-Smith, P, C Schram, W. Adamowicz, D. Dupont (2018). “Endogeneity of Risk Perceptions in Averting Behavior Models” Environmental and Resource Economics, 69(2): 217–246. [Link]

Lloyd-Smith, P (2018). “A New Approach to Calculating Welfare Measures in Kuhn-Tucker Demand Models” Journal of Choice Modelling. 26: 19-27. [Link]

Lloyd-Smith, P (2018). “A Note on the Robustness of Aggregate Ecosystem Service Values”
Ecological Economics. 146: 778-780. [Link]

Lloyd-Smith, P (2017). “Controlling for Endogeneity in Attributable Costs of Vancomycin resistant enterococci from a Canadian Hospital” American Journal of Infection Control, 45(12): e161-e164. [Link]

Whittington, D, W. Adamowicz, P. Lloyd-Smith (2017). “Asking Willingness-to-Accept Questions in Stated Preference Surveys: A Review and Research Agenda” Annual Review of Resource Economics, 9. [Link]

Lloyd-Smith, P, J. Younger, E. Lloyd-Smith, H. Green, V. Leung, M. Romney (2013). “An Economic Analysis of Vancomycin Resistant Enterococci (VRE) at a Canadian Hospital: Assessing Attributable Cost and Length of Stay” Journal of Hospital Infections, 85: 54-59. [Link]

Ochuodho, T, V. Lantz, P. Lloyd-Smith, P. Benitez (2012). “Regional Economic Impacts of Climate Change and Adaptation in Canadian Forests: A CGE Modeling Analysis” Forest Policy and Economics, 25:100-112. [Link]

Research

Papers in Review

Are Corporate Social Responsibility and Advertising Complements or Substitutes in Producing Firm Reputation?
with H. An

Assessing Ecological Infrastructure Investments with W. Adamowicz, L. Calderon-Etter, A. Entem, E. Fenichel, J. Hall, F. Ogden, M. Rouhi Rad, R. Stallard

Can Stated Measures of Willingness-to-Accept be Valid? Evidence from Laboratory Experiments
with W. Adamowicz

Estimating the Economic Value of Drinking Water Reliability in Alberta
with A. Appiah, W. Adamowicz, D. Dupont

Floods and Droughts: Eliciting Customer Willingness-to-Pay and Adverse Event Likelihood Priors for Public Utility Pricing and Infrastructure Decisions
with J. Price, D. Dupont, W. Adamowicz

Incorporating Stated Consequentiality Questions in Stated Preference Research with W. Adamowicz, D. Dupont

Intertemporal Substitution in Travel Cost Models with Seasonal Time Constraints with J. Abbott, W. Adamowicz, D. Willard

Is there Really a Difference between “Contingent Valuation” and “Choice Experiments? with E. Zawojska, W. Adamowicz, W

Status-quo Management of Marine Recreational Fisheries Undermines Angler Welfare with J. Abbott, W. Adamowicz, D. Willard


Works in Progress

Beyond social desirability bias: Using multiple predictor groups within an inferred valuation framework with A. Entem, W. Adamowicz, P. Boxall

Estimating Temporal Preferences in a Developing Country: The Case of a Payments for Ecosystem Program in Panama with A. Entem, W. Adamowicz, E. Fenichel, M. Rouhi Rad

Payments versus subsidized loans in payment for ecosystem services schemes under conditions of capital market failures with A. Entem, W. Adamowicz, E. Fenichel, M. Rouhi Rad

Teaching

University of Alberta

Co-instructor, Economic Valuation of Ecosystem Services (AREC 565), Winter 2017.

Primary Instructor, Natural Resource Economics (AREC 365), Fall 2015.

Graduate Teaching and Learning Program Certification, Level 1 and 2, 2015.

Teaching Assistant, 2-day computing workshop, Software Carpentry, 2015.

Teaching Assistant, Natural Resource and Environmental Economics (AREC 565), Winter 2014.


Additional Teaching Experience

Instructor, Professional workshop on valuation methods, Mario Molina Center for Energy and Environment, Mexico City, 2014.

Course Developer and Facilitator, World Bank Academy online courses, 2011-2013.

  • Energy Sector Strategies to Support Green Growth (Developed and facilitated)
  • Economics of Climate-Resilient Development (Facilitated)
  • Cities and Climate Change Leadership (Facilitated)
  • Policy Instruments for Low Emissions Development: From Design to Implementation (Facilitated)
  • Emissions Trading Systems: Using Markets to Promote Low Emissions Development (Facilitated)

Policy

In addition to my academic research, over the past eight years I have worked as an environmental and resource economist with Marbek Resource Consultants (now ICF International), the World Bank, and as an independent consultant on a variety of projects.

Cost-Benefit Analysis and Environmental Valuation

  • Economic Value of Outdoor Recreation. Alberta Biodiversity Monitoring Institute.

  • The Economics of Ecosystem Services and Biodiversity in Ontario (TEEBO): Assessing the Knowledge and Gaps. Ontario Ministry of Natural Resources.

  • Evaluation of Environmental Benefits of SDTC Projects: Soil and Water. Sustainable Development Technology Canada.

  • Valuation of Nutrient Reduction Strategies for Wastewater Treatment Facilities in Manitoba: A Cost-benefit Analysis using an Ecological Goods and Services Approach. Environment Canada.

  • Assessing the Economic Value of Protecting the Great Lakes: A Cost-benefit Analysis of Habitat Protection and Restoration. Ontario Ministry of Environment.

  • Assessing the Economic Value of Protecting the Great Lakes: Invasive Species Prevention and Mitigation. Ontario Ministry of Environment.

  • Assessing the Economic Value of Protecting the Great Lakes: Rouge River Case Study for Nutrient Reduction and Nearshore Health Protection. Ontario Ministry of Environment.

  • Literature Review of the Economic Value of Protecting the Great Lakes. Ontario Ministry of Environment.

  • Environmental Valuation Reference Inventory. Environment Canada.


Climate Change Economics

  • Alberta Climate Change Departmental Risk Assessment. Government of Alberta.

  • Climate Change Impacts on Costs to Canada’s Health Care System. National Round Table on the Environment and the Economy.

  • Costing Climate Impacts and Adaptation: A Canadian Study of the Forest Sector. National Round Table on the Environment and the Economy.

  • Costing Climate Impacts and Adaptation: A Canadian Study on Human Health. National Round Table on the Environment and the Economy.

  • Study to Determine Potential Opportunities for Carbon Offset Projects in Newfoundland and Labrador. Government of Newfoundland and Labrador.

  • Review of GHG abatement potential for Emissions-Intensive and Trade-Exposed (EITE) industries in Canada. Industry Canada.


Other Economic Analyses

  • District Energy Economic Model (DEEM). Natural Resources Canada, CANMET.

  • Impact Attribution of Industrial, Commercial and Institutional Energy Efficiency Programs. Natural Resources Canada.

  • Impact Evaluation: EcoNova Scotia for Clean Air and Climate Change. ecoNova Scotia.

  • Economic Analysis of Vancomycin Resistant Enterococci (VRE) at St. Paul’s Hospital. Providence Health Care.