W. Michael Hanemann

W. Michael Hanemann is an influential economist renowned for his work in environmental and resource economics. He developed models to understand how individuals and societies make decisions about using natural resources and protecting the environment, often focusing on water, climate change, and sustainability. His research integrates economic theory with real-world policy questions, helping to evaluate the costs and benefits of environmental actions. Hanemann's work provides valuable insights for policymakers aiming to balance economic growth with environmental preservation, emphasizing the importance of efficient resource management and sustainable development.