Molly K. Macauley is a Senior Fellow with Resources for the Future (RFF), Washington DC. She has been Director of Academic Programs at RFF since 1996. Dr. Macauley’s research at RFF includes the areas of public finance, energy economics, regulation of toxic substances, environmental economics, advanced materials economics, and the value of information. She also focuses on economics and policy issues of outer space and the valuation of nonpriced space resources, the design of incentive arrangements to improve space resource use, and the appropriate relationship between public and private endeavors in space research, development, and commercial enterprise. Dr. Macauley has been a visiting professor at Johns Hopkins University, Department of Economics and at Princeton University, Woodrow Wilson School of Public Affairs. Dr. Macauley has testified before congress on the Commercial Space Act of 1997, the Omnibus Space Commercialization Act of 1996, and the Space Business Incentives Act of 1996. Dr. Macauley has served on many national level committees and panels including the congressionally mandated Economic Study of Space Solar Power (chair), The National Research Council’s (NRC) Board on Physics and Astronomy, Helium Reserve Committee, the NRC Space Studies Board Steering Group on Space Applications and Commercialization, and the NRC Space Studies Board Task Force on Priorities in Space Research. Dr. Macauley has published extensively with more than 80 journal articles, books, and chapters of books. Dr. Macauley is on the Board of Directors of Women in Aerospace and the Thomas Jefferson Public Policy Program, College of William and Mary.