Valuing Natural Assets: The Economics of Natural Resource Damage Assessment

Kopp, Raymond J. (Author)/ Smith, V. Kerry (Author)

ISBN 10: 0915707675 / ISBN 13: 9780915707676

Published by Resources for the Future, 1994

About this Item

1st edition. 382 pages. 8.75x5.75x1.00 inches. In Stock.

Seller Inventory # x-0915707675

Bibliographic Details

• Title: Valuing Natural Assets: The Economics of Natural Resource Damage Assessment
• Publisher: Resources for the Future
• Publication Date: 1994
• Language: English
• ISBN 10: 0915707675
• ISBN 13: 9780915707676
• Binding: Paperback
• Condition: Brand New
• Weight: 0.7 kilograms

About this title

Synopsis

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.

About the Author

Raymond J. Kopp, V. Kerry Smith