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Renata Rimsaite

  • PhD Agricultural, Environmental and Regional Economics
Renata Rimsaite
Armsby building
Room 309-A

University Park, Pennsylvania 16802
Work Phone: 571-229-0434

Areas of Expertise

  • Water economics
  • Water rights markets in the U.S. west
  • Water law
  • Environmental policy

Connect with Renata Rimsaite

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Education

  1. Ph.D. Agricultural, Environmental and Regional Economics,
  2. The Pennsylvania State University, Fall, 2017 (expected).
  3. B.S. Economics, Frostburg State University (MD), May, 2011.
  4. B.A. Law, Mykolas Romeris University (Lithuania), July, 2007.

About me:

My main research interests are in the area of water economics. I am particularly interested in the topics related to the economic value of water and water scarcity management including resource reallocation using market mechanisms, adaptation to climate change, and analysis of water law and policy. My current work emphasizes on water rights trading in the western U.S. region and the role of water markets in adapting to the impacts of climate change on water supply including the analysis of price efficiency and welfare aspects of the markets.

Publications:

In press:

Olmstead, S.M., K.A. Fisher-Vanden, and R. Rimsaite, 2016. “Climate change and water resources: some adaptation tools and their limits.” Journal of Water Resources Planning and Management. DOI: 10.1061/(ASCE)WR.1943-5452.0000642.

Abdalla, C.W., R.Rimsaite, and B. Swistock, 2014. “Municipal Officials' Decisions to Lease Watershed Lands for Marcellus Shale Gas Exploration.” Journal of Environmental Studies and Sciences 4, 28-36.

In progress:

Rimsaite, R. “Price efficiency in U.S. water rights markets.” (Job market paper.)

“Water markets, welfare and climate adaptation in the western United States,” with Karen Fisher-Vanden and Sheila Olmstead.

“The role of water institutions in reallocation of water supply in the western U.S.”

Reports:

Abdalla, C., Rimsaite R.and B. Swistock. Understanding Municipal Officials’ Decisions to Lease Watershed Lands for Marcellus Shale Gas Exploration. Final report to the PA Water Resources Research Center, Penn State University, 3 pp., May 2012.

Research presentations (presenter):

Rimsaite, R., K.A. Fisher-Vanden, and S.M. Olmstead. "Water rights markets: Are gains from trade higher or lower under water stress?" Poster presentation:

  • The Heartland Environmental & Resource Economics Workshop at Illinois, Sept 31-Oct 1, 2017, Urbana-Champaign, IL

Rimsaite, R., K.A. Fisher-Vanden, and S.M. Olmstead. “How efficient are U.S. water rights markets among other natural resource markets?” Paper presentation:

  • AAEA Annual Meeting, July 30-August 1, 2017, Chicago, IL
  • AERE Summer Conference, May 31-June 2, 2017, Pittsburgh, PA

Rimsaite, R., K.A. Fisher-Vanden, and S.M. Olmstead. “Price efficiency in U.S. water rights markets.” Paper presentations/seminars:

  • PIAMDDI DOE Project Meeting, Stanford University, December, 2016, Palo Alto, CA
  • Energy and Environmental Economics and Policy Seminar, Nov 30, 2016, Penn State, PA
  • The Heartland Environmental & Resource Economics Workshop at Illinois, Nov12-13, 2016, Urbana-Champaign, IL
  • AAEA Annual Meeting, July 31-August 2, 2016, Boston, MA
  • NAREA Annual Meeting, June 19-21, 2016, Bar Harbor, ME
  • AERE Summer Conference, June 9-11, 2016, Breckenridge, CO

Fisher-Vanden, K.A., S.M. Olmstead, and R. Rimsaite. “Can water markets facilitate adaptation to the impacts of climate change on water supply?” Paper presentations:

  • NAREA & CAES Joint Annual Meeting, June 27-30, 2015, Newport, RI
  • AERE Summer Conference, June 3-5, 2015, San Diego, CA

Fisher-Vanden, K.A., S.M. Olmstead, and R. Rimsaite. “How do water rights institutions affect climate change impacts on water supply?” Paper presentation:

  • PIAMDDI DOE Project Meeting, Stanford University, December, 2014, Palo Alto, CA

Fisher-Vanden, K.A., S.M. Olmstead, and R. Rimsaite. “Adaptation, water resources, and IAMs.” Paper presentation:

  • PIAMDDI DOE Project Meeting, Stanford University, December, 2013, Palo Alto, CA

Rimsaite, R., C.W. Abdalla, and A.R. Collins. “The Use and Value of Water for Marcellus Shale Gas Development.” Paper presentation:

  • Penn State Extension, Water Resource Webinars, August 28, 2013. Available at: http://extension.psu.edu/natural-resources/water/courses/water-resource-webinars/webinars/the-use-and-value-of-water-for-marcellus-shale-gas-development.

Rimsaite, R., C.W. Abdalla, and A.R. Collins. “The Value of Water in Extraction of Gas from the Marcellus Shale.” Short paper presentation:

  • AGU, Fall Meeting, December 11, 2013, San Francisco, CA 

Abdalla, C. W., Rimsaite, R. and B. Swistock. “Municipal Officials' Decisions to Lease Watershed Lands for Marcellus Shale Gas Exploration.” Paper presentation:

  • Boom & Bust Symposium: The Impact of Energy Extraction on Local Communities; Duquesne University, November 12-13, 2012, Pittsburgh, PA