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Valuing Natural Assets: The Economics of Natural Resource Damage Assessment

Raymond J. Kopp, V. Kerry Smith




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 | #3544185 in eBooks |  2013-10-08 |  2013-10-08 | File type: PDF

|| |'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.' Radio

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 requiri...

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