Valuing Natural Assets
The Economics of Natural Resource Damage Assessment
1st Edition
Published on 8. October 2013
382 pages
978-1-135-88949-4 (ISBN)
Description
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.
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.
Reviews / Votes
'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
More details
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
Professional and scholarly
Product notice
Reflowable
File size
1,74 MB
ISBN-13
978-1-135-88949-4 (9781135889494)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Raymond J. Kopp | V. Kerry Smith
Valuing Natural Assets
The Economics of Natural Resource Damage Assessment
Book
07/2017
1st Edition
CRC Press
€263.00
Shipment within 10-20 days
Raymond J. Kopp | V. Kerry Smith
Valuing Natural Assets
The Economics of Natural Resource Damage Assessment
Book
11/1993
1st Edition
Resources for the Future Press (RFF Press)
€83.20
Shipment within 3-4 weeks
Persons
Raymond J. Kopp, V. Kerry Smith
Content
1. Introduction
Raymond J. Kopp and V. Kerry Smith
2. Understanding Damages to Natural Assets
Raymond J. Kopp and V. Kerry Smith
Part 1: Statutes, Rulemaking, and Practice
3. Natural Resource Damages, Superfund, and the Courts
Frederick R. Anderson
4. Uncertain Legal Issues: Comments on Chapter 3
Howard Kenison
5. Economics of Natural Resource Damage Assessment: A Critique
Gardner M. Brown, Jr.
6. Economics of Natural Resource Damage Assessment: Comments on Chapter 5
Willie R. Taylor
7. Implementing Natural Resource Damage Assessments
Raymond J. Kopp and V. Kerry Smith
Part 2: Measuring Natural Resource Damages
8. Indirect Methods for Assessing Natural Resource Damages Under CERCLA
Kenneth E. McConnell
9. Assessing Natural Resource Damages with Indirect Methods: Comments on Chapter 8
Robert Mendelsohn
10. Use of Direct Methods for Valuing Natural Resource Damages
William D. Schulze
11. Contingent Valuation and the Legal Arena
Richard T. Carson and Robert Cameron Mitchell
Part 3: Two Key Conceptual Dimensions of Damage Assessment
12. Marking Time with CERCLA: Assessing the Effect of Time on Damages from Hazardous Waste
Ralph C. d'Arge
13. Nonuse Values in Natural Resource Damage Assessment
A. Myrick Freeman III
Part 4: Research Implications of Damage Assessment
14. Natural Resource Damage Assessment: The Road Ahead
Raymond J. Kopp and V. Kerry Smith
Raymond J. Kopp and V. Kerry Smith
2. Understanding Damages to Natural Assets
Raymond J. Kopp and V. Kerry Smith
Part 1: Statutes, Rulemaking, and Practice
3. Natural Resource Damages, Superfund, and the Courts
Frederick R. Anderson
4. Uncertain Legal Issues: Comments on Chapter 3
Howard Kenison
5. Economics of Natural Resource Damage Assessment: A Critique
Gardner M. Brown, Jr.
6. Economics of Natural Resource Damage Assessment: Comments on Chapter 5
Willie R. Taylor
7. Implementing Natural Resource Damage Assessments
Raymond J. Kopp and V. Kerry Smith
Part 2: Measuring Natural Resource Damages
8. Indirect Methods for Assessing Natural Resource Damages Under CERCLA
Kenneth E. McConnell
9. Assessing Natural Resource Damages with Indirect Methods: Comments on Chapter 8
Robert Mendelsohn
10. Use of Direct Methods for Valuing Natural Resource Damages
William D. Schulze
11. Contingent Valuation and the Legal Arena
Richard T. Carson and Robert Cameron Mitchell
Part 3: Two Key Conceptual Dimensions of Damage Assessment
12. Marking Time with CERCLA: Assessing the Effect of Time on Damages from Hazardous Waste
Ralph C. d'Arge
13. Nonuse Values in Natural Resource Damage Assessment
A. Myrick Freeman III
Part 4: Research Implications of Damage Assessment
14. Natural Resource Damage Assessment: The Road Ahead
Raymond J. Kopp and V. Kerry Smith
