Description: Assessing natural resource damages often requires the use of nonmarket valuation techniques that were developed for use in benefit-cost analyses. This title examines the ways in which requirements for damage assessment change how the measures are used, presented, received, and defended.
Review Quotes:
'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