Valuing Natural Assets: The Economics of Natural Resource Damage Assessment

Valuing Natural Assets: The Economics of Natural Resource Damage Assessment
ISBN-10
0915707675
ISBN-13
9780915707676
Category
Business & Economics
Pages
358
Language
English
Published
1993
Publisher
Resources for the Future
Authors
Vincent Kerry Smith, Raymond J. Kopp

Description

In this collection of papers, originally prepared for an RFF-sponsored conference in June 1988 and subsequently revised, contributors introduce the legal and economic issues surrounding the public policy problem of natural resource damage assessment. The papers identify the origins of the concept of existence value, discuss the way in which it came to play a role in natural resource damage assessment, explain the history behind the contingent valuation method (which is being used increasingly to measure lost existence values), identify the pros and cons of this technique, review some of the law and federal rulemaking that have evolved from natural resource damage cases, and suggest a research agenda for the future. Annotation copyright by Book News, Inc., Portland, OR

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