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Dr Tim Capon

Agricultural and Environmental Economist


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Tim Capon is an agricultural and environmental economist who researches decision-making and market behaviour under conditions of risk and uncertainty to inform policy evaluation and development. Tim's research draws on theories from economics and psychology to promote more sustainable agricultural and environmental outcomes. Applications include work on economic resilience and real options analysis, climate change adaptation, environmental markets and natural resource management, and plant and animal biosecurity (Google Scholar profile).

Economic resilience and real options analysis

Sanderson, T., Capon, T., and Hertzler, G. (2017). Defining, Measuring and Valuing Economic Resilience. Sydney: CSIRO.

Sanderson, T., Hertzler, G., Capon, T. and Hayman, P. (2015). A real options analysis of Australian wheat production under climate change. Australian Journal of Agricultural and Resource Economics, 60: 79-96.

Hertzler, G., Sanderson, T., Capon, T., Hayman, P., Kingwell, R., McClintock, A., Crean, J. and Randall, A. (2014). Farmer decision-making under climate change. In Applied Studies in Climate Adaptation (eds J.P. Palutikof, S.L. Boulter, J. Barnett and D. Rissik).

Climate change adaptation

Wise, R. M., Capon, T., Lin, B. B., Stafford Smith, M. (2022) Pragmatic cost–benefit analysis for infrastructure resilience. Nature Climate Change. 12: 881–883.

Capon, T., Stafford Smith, M., and Wise, R. (2021). National Climate Change Adaptation Case Study: Early Adaptation to Climate Change through Climate-Compatible Development and Adaptation Pathways. In K. Baldwin, M. Howden, M. Smith, K. Hussey, & P. Dawson (Eds.), Transitioning to a Prosperous, Resilient and Carbon-Free Economy: A Guide for Decision-Makers (pp. 365-388). Cambridge: Cambridge University Press.

Lin, B. B., Capon, T., Langston, A., Taylor, B., Wise, R., Williams, R., and Lazarow, N. (2017) Adaptation Pathways in Coastal Case Studies: Lessons Learned and Future Directions, Coastal Management, 45: 5, 384-405.

Colloff, M. J., et al. (2017). An integrative research framework for enabling transformative adaptation, Environmental Science & Policy, 68: 87-96, ISSN 1462-9011,

Pittock, J., Marshall, N., Capon, T., Parsons, M., Robertson, A.I., and Casaril, C. (2014). A review of Australian institutions for riparian adaptation to climate change. Journal of Water and Climate Change, 5(3): 315–327.

Capon, S. J., Chambers, L. E., Mac Nally, R. et al. Riparian Ecosystems in the 21st Century: Hotspots for Climate Change Adaptation? Ecosystems, 16: 359–381 (2013).

Environmental markets and natural resource management

Bryan, B., Runting, R., Capon, T. et al. Designer policy for carbon and biodiversity co-benefits under global change. Nature Climate Change, 6: 301–305 (2016).

Capon, T. (2015). Environmental Markets: A Property Rights Approach, by Terry L. Anderson and Gary D. Libecap. Published by Cambridge University Press, Cambridge, UK, 2014. Australian Journal of Agricultural and Resource Economics, 59: 311-313.

Capon, T., Harris, M., and Reeson, A. (2013). The Design of Markets for Soil Carbon Sequestration. Economic Papers, 32: 161-173.

Tisdell, J. G., Ward, J. R., and Capon, T. (2004). Impact of communication and information on a complex heterogeneous closed water catchment environment. Water Resources Resesearch, 40, W09S03,

Plant and animal biosecurity

Seitzinger, A. H., Garner, M. G., Bradhurst, R., Roche, S., Breed, A. C., Capon, T., Miller, C. and Tapsuwan, S., (2022). FMD vaccine allocation and surveillance resourcing options for a potential Australian incursion. Australian Veterinary Journal, 100: 550-561.

Seitzinger, A. H., Hafi, A., Addai, D., Garner, M. G., Bradhurst, R., Breed, A. C., Capon, T., Miller, C., Pinol, J., and Tapsuwan, S., (2022). The economic benefits of targeted response strategies against foot-and-mouth disease in Australia. Preventive Veterinary Medicine, 204,105636, ISSN 0167-5877,

Hafi, A., Addai, D., Breed, A. C., Bradhurst, R., Capon, T., Garner, M. G., Miller, C., Pinol, J., Seitzinger, A. H., and Tapsuwan, S. (2022). Economic benefits of implementing trading zones for Australian livestock disease outbreaks of limited duration. Australian Veterinary Journal, 100: 150-161.

Garner, M. G., Vosloo, W., Tapsuwan, S., Bradhurst, R., Seitzinger A. H., Breed, A. C., Capon, T. (2021). Comparing surveillance approaches to support regaining free status after a foot-and-mouth disease outbreak. Preventive Veterinary Medicine, 194, 105441, ISSN 0167-5877,

Capon, T. R., Garner, M. G., Tapsuwan, S., Roche, S., Breed, A. C., Liu, S., Miller, C., Bradhurst, R., and Hamilton, S. (2021). A Simulation Study of the Use of Vaccination to Control Foot-and-Mouth Disease Outbreaks Across Australia. Frontiers in Veterinary Science, 8: 648003.

Tapsuwan, S., Capon, T., Tam, M., Kandulu, J., Measham, P., and Whitten, S., (2020). Willingness to pay for area-wide management and sterile insect technique to control fruit flies in Australia. International Journal of Pest Management, 66(4): 351-367,

Tam, M., Capon, T., Whitten, S., Tapsuwan, S., Kandulu, J., and Measham, P. (2023). Assessing the economic benefit of area wide management and the sterile insect technique for the Queensland fruit fly in pest-free vs. endemic regions of South-east Australia. International Journal of Pest Management,

Academic Qualifications

  • 2009

    PhD in Experimental Economics
    Griffith University, Brisbane, Australia

  • 2002

    BSc (Honours) in Environmental Policy and Economics
    Griffith University, Brisbane, Australia

  • 2000

    BSc in Biology and Environmental Science
    University of Queensland, Brisbane, Australia