My research focuses on the economics of natural resources with a particular interest in understanding the interplay between ecological and economic systems. The central question that my research addresses is if resource users can manage natural resources in a manner that respects ecological integrity and institutional norms. This inter-disciplinary research is a new sub-field in economics, called Ecological Economics, and differs from the traditional neoclassical economics, which would consider the natural environment as another raw material used in the production process. I apply advanced ecological economic tools to three major areas: renewable resources including water and fisheries, ecosystem services valuation, and agro-ecological systems, and help policy makers and stakeholders choose sustainable resource management strategies.
- Sustainability of the Florida fresh produce supply chain under future climate change. More on the project site. Link to full text paper in Sustainability journal.
- IWRM and sustainable agricultural water resource development in India. Link to full-text paper in Water journal.
- On economic value of carbon in Discovery, NSF News November 14, 2016, with my student, Meenakshi Jerath, Dr. Victor H. Rivera-Monroy and Dr. Edward Castaneda-Moya.
- Regional economic impacts of extending marine protected areas in the Florida Pulley Ridge region (See an article from Marine Policy journal: https://doi.org/10.1016/j.marpol.2019.103628)
- Effects of climate change risk perception on valuing Florida staghorn corals (see our article from Ocean & Coastal Management journal:
https://doi.org/10.1016/j.ocecoaman.2020.105244 - Valuing carbon and recreational fishery ecosystem services of the Florida Everglades. See articles from the Environmental Science and Policy (https://doi.org/10.1016/j.envsci.2016.09.005); Science of the Total Environment (https://doi.org/10.1016/j.scitotenv.2018.01.038); Journal of Water Resources Planning and Management)
My funding sources (~ $22 million):
- USDA National Institute of Food and Agriculture
- National Science Foundation
- USDA Office of Partnership and Public Engagement
- USDA Foreign Agriculture Service
- National Oceanic and Atmospheric Administration
- Walmart Foundation
- J P Morgan Chase Foundation
- Everglades National Park
- The Miami Foundation
- Other


Saoli Chanda, Yared Bayissa, Mahadev Bhat, Carlos Parra, Kateel Shetty, Ronald Mesia, Assefa Melesse, Krishnaswamy Jayachandran, Stephany Alvarez-Ventura. “Florida Tomato and Strawberry Supply Chains: Strategies for a Resilient Future.” SERC Contribution Number 1033, Institute of Environment, Agroecology Program, Florida International University, Miami, Florida, USA, August 2021.



Modernization of Minor Irrigation Tanks in the Uttara Kannada District, Karnataka: A Case Study of Bhairumbe-Targod
Watershed. A Technical Report, Florida International University, Miami, USA, and Hulgol Cooperative Society,
Bhairumbe, India, July 2019.

Mahadev Bhat, Doris Ombara, Michael McClain, George Atisa, and William Kasanga, Payment for Watershed Services in the Mara River Basin. Global Water for Sustainability Program, Florida International University, 2010, 41p.