Overview

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. Contributors to Valuing Natural Assets examine the ways in which requirements for damage assessment change how the measures are used, presented, received, and defended. Drawing upon their personal involvement with the process and the research issues it has raised---both in providing analysis for defendants or plaintiffs in damage assessment cases and in writing for academic journals---their chapters reflect individual research programs that temper the rigorous demands of scholarship with the equally demanding standards of litigation.

Full Product Details

Author:   Raymond J. Kopp ,  V. Kerry Smith
Publisher:   Taylor & Francis Inc
Imprint:   Resources for the Future Press (RFF Press)
Dimensions:   Width: 15.20cm , Height: 2.30cm , Length: 22.90cm
Weight:   0.700kg
ISBN:  

9780915707676

ISBN 10:   0915707675
Pages:   378
Publication Date:   01 November 1993
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Reviews

'The issues raised are pertinent to economic consequence assessments, and perhaps to the economic model developed at National Radiological Protection Board. .. . The introductory chapter, written by the editors, is particularly valuable in this respect.' Radiological Protection Bulletin 'This important book by senior U.S. environmental and natural resource economists represents the state of the art in defining and measuring the economic value of natural resources... The authors provide an excellent overview of the economic theory and practice of resource valuation... [that will] meet the rigorous standards of scholarship, [and] serve the needs of legislators, policy makers and administrators...' Ecological Economics

'The issues raised are pertinent to economic consequence assessments, and perhaps to the economic model developed at National Radiological Protection Board. .. . The introductory chapter, written by the editors, is particularly valuable in this respect.' Radiological Protection Bulletin 'This important book by senior U.S. environmental and natural resource economists represents the state of the art in defining and measuring the economic value of natural resources. . . . The authors provide an excellent overview of the economic theory and practice of resource valuation. . . [that will] meet the rigorous standards of scholarship, [and] serve the needs of legislators, policy makers and administrators. . . .' Ecological Economics

'The issues raised are pertinent to economic consequence assessments, and perhaps to the economic model developed at National Radiological Protection Board. .. . The introductory chapter, written by the editors, is particularly valuable in this respect.' Radiological Protection Bulletin 'This important book by senior U.S. environmental and natural resource economists represents the state of the art in defining and measuring the economic value of natural resources... The authors provide an excellent overview of the economic theory and practice of resource valuation... [that will] meet the rigorous standards of scholarship, [and] serve the needs of legislators, policy makers and administrators...' Ecological Economics

Author Information

Raymond J. Kopp, V. Kerry Smith

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