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Valuing Natural Assets: The Economics of Natural Resource Damage Assessment

Valuing Natural Assets: The Economics of Natural Resource Damage Assessment

Paperback

Business GeneralEconomicsGeneral Law

ISBN10: 0915707675
ISBN13: 9780915707676
Publisher: Rff Press
Published: Nov 1 1993
Pages: 378
Weight: 1.30
Height: 0.89 Width: 5.92 Depth: 8.95
Language: English

Assessing natural resource damages often requires the use of nonmarket valuation techniques that were developed for use in benefit-cost analyses. Natural resource damage assessment dramatically changes the context for applying them. Two aspects of this context are especially important. First, damages are to be measured by the monetary value of the losses people experience, including their use and nonuse values, because of injuries to natural resources---a process requiring careful delineation of how the injuries connect to the resource's services. Second, a single identified entry---not generalized, anonymous taxpayers---must pay damages based on what is measured, and evaluations of the measurement techniques take place not in agency meeting rooms but in courtrooms.

Also from

Kopp, Raymond J.

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General Law