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Wednesday, May 13, 2020 | History

2 edition of use of economic analysis in valuing natural resource damages found in the catalog.

use of economic analysis in valuing natural resource damages

Edward J. Yang

use of economic analysis in valuing natural resource damages

by Edward J. Yang

  • 89 Want to read
  • 36 Currently reading

Published by Ocean Assessments Division, Office of Oceanography and Marine Services, National Ocean Service, National Oceanic and Atmospheric Administration, U.S. Dept. of Commerce in [Washington, D.C.] .
Written in English

    Subjects:
  • Damages -- Economic aspects.,
  • Liability for environmental damages -- Economic aspects.,
  • Natural resources.

  • Edition Notes

    StatementEdward J. Yang, Roger C. Dower, Mark Menefee ; Environmental Law Institute.
    ContributionsDower, Roger C., Menefee, Mark., Environmental Law Institute., United States. Ocean Assessments Division.
    The Physical Object
    Paginationix, 154 p. :
    Number of Pages154
    ID Numbers
    Open LibraryOL15150088M

    Compensable Value (cont.) Economic value approach Consumer surplus of lost services (use and nonuse values) Economic rent of injured resources Government fees for resource use These methods measure economic values Travel cost Random utility maximization Contingent valuation Conjoint analysis Others that measure willingness to pay. The book offers an overview on natural resource damages in the USA from the legal, economic and case study perspectives. Part I provides a legal analysis of the claims and defences relevant to natural resource damages including the public trust doctrine, the related parens patriae doctrine and common law claims, including nuisance, trespass, negligence, etc. Separate chapters address each of.

    Natural Resource and Environmental Economicsis among the leading textbooks in its field. of previous editions and continues to provide a compre-hensive and clear account of the application of economic analysis to environmental issues. The new edition retains all Chapter 14 The efficient and optimal use of natural resources Learning. NOTICE: The project that is the subject of this report was approved by the Governing Board of the National Research Council, whose members are drawn from the councils of the National Academy of Sciences, the National Academy of Engineering, and the Institute of .

    Natural resource economics examines how society can more efficiently use its scarce natural resources, both non-renewable resources, such as minerals and fossil fuels, and renewable resources, such as fisheries and forests. Theory and empirical research explores alternative models on how people and societies choose to use and manage their. With contributions by prominent international researchers like Robert Ayres, Charles Perrings and Anastasios Xepapadeas, the book will be useful for researchers who wish to learn new techniques or change their area of research emphasis within natural resource and environmental economics or those who wish to familiarize themselves with these tools.


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Use of economic analysis in valuing natural resource damages by Edward J. Yang Download PDF EPUB FB2

The use of economic analysis in valuing natural resource damages Paperback – January 1, by Edward John Yang (Author)Author: Edward John Yang. 1st Edition Published on November 1, by RFF Press Assessing natural resource damages often requires the use of nonmarket valuation techniques that were dev Valuing Natural Assets: The Economics of Natural Resource Damage Asses.

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 by: 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.

In unfortunate instances like these, before parties can come to such settlements, they must first agree on a reasonable method of assigning value to natural resource damage.

Providing such an accurate estimate of economic damages for the purposes of a dispute involving natural resource degradation can be a challenging task for an expert witness. A Manual for Conducting Natural Resource Damage Assessment: The Role of Economics " ES.2 AN OVERVIEW OF NATURAL RESOURCE DAMAGE ASSESSMENT Chapters 1 and 2 provide a general overview of the role of economics in damage assessment.

Chapter 1 defines important concepts within damage assessment, and notes that. This Deskbook provides a comprehensive survey of the law, science, and economics involved in natural resource damage assessment.

Written by experts in the field, this second edition of the Natural Resource Damage Assessment Deskbook provides the most up-to-date analysis of the subject available. It thoroughly examines the framework for liability and the goals of the federal statutes.

Natural Resource Valuation Assessing damages to the environment can be a difficult and controversial task. The conceptually simple task of valuing the economic value of direct use of natural resources such as consumption of fish and game, use of wood for firewood, construction or furniture, and use of.

The Comprehensive Guide to Economic Damages, 5th Edition edited by Nancy J. Fannon and Jonathan M. Dunitz, bridges the gap between the economics in damages cases and what the courts say about the calculations and evidentiary requirements. It provides a deep and rich resource, found nowhere else, for financial experts and attorneys seeking guidance on damage calculations.

What damages may be sought. The cost or value to make the public whole for their losses of natural resources caused by the release of hazardous substances and/or petroleum products The cost or value to “restore, rehabilitate, replace, or acquire the equivalent” of the injured natural resource.

something. In fact, the economic view of value actually includes many components that have no commercial or market basis (Freeman, a; Krutilla, ), such as the value that individuals place on the beauty of a natural landscape or the existence of a species that has no commercial value.

Review Valuing or pricing natural and environmental resources. Yaoqi Zhanga,*, Yiqing Lib a School of Forestry and Wildlife Sciences, Auburn University, ALUSA b Department of Ecology, Evolution and Natural Resources, Rutgers University, New Brunswick, NJUSA Abstract This paper is a critique on contemporary non-market valuation study.

COMPENSATORY DAMAGES Natural Resources – Damages, injury to loss ofand use of natural resources including reasonable costs of assessment (i.e. Fishing Grounds). Real or Personal Use – Damages for injury to, or economic losses resulting from destruction of property.

Subsistence – Claimant who subsists on natural resources. The direct method of measuring damages (contingent valuation) is described by William Schulze. Damages to a natural resource is the sum of losses in use and nonuse values resulting from injury to the quantity or quality of service flows from the natural resource.

Polinsky, A. Mitchell and Steven Shavell. “Economic Analysis of Liability for Natural Resource Damages Caused by an Oil Spill.” Comments submitted to U.S.

Department of Interior in response to the Advanced Notice of Proposed Rulemaking for Type B Natural Resource Damage Assessments (November 10).

Google Scholar. Use of economic analysis in valuing natural resource damages. [Washington, D.C.]: Ocean Assessments Division, Office of Oceanography and Marine Services, National Ocean Service, National Oceanic and Atmospheric Administration, U.S.

Dept. of Commerce, The pioneers of natural and environmental resource valuation relied on the “law of demand” as a way to measure the market values for natural resources and environmental amenities. While the same is true today, the degree of sophistication in the measurement of these values has increased considerably.

produced a Manual for Estimating the Socio-Economic Effects of Natural Disasters (ECLAC, ) which intends to be a tool aimed at professionals engaged in the valuation of natural disasters’ socio-economic impacts.

ECLAC has recently undertaken a revision process, aimed. Economic Valuation of Natural Resourcesis not a textbook but a guide for policy makers and managers regarding how to assess and understand the economic value of the coastal resources for which they are stewards.

We hope it will receive wide distribution and use. Non-market valuation has become a broadly accepted and widely practiced means of measuring the economic values of the environment and natural resources.

In this book, now available in paperback, the authors provide a guide to the statistical and econometric practices that economists employ in estimating non-market s: 1.

Seven issues were identified at the workshop for urgent attention and further study: criteria for selecting appropriate natural capital assets for economic valuation; actually selecting them; developing techniques for environmental accounting appropriate for national policymaking, firm-level decisionmaking and complex dynamic systems analysis; developing nonmonetized inventories for selected natural assets; .An appraisal of accuracy is essential given the 92 William H.

Desvousges et al. relative inexperience in measuring nonuse damages and the potential importance of these damages in a damage assessment.6 Using CV in natural resource damage assessments (NRDAs) involves a different set of challenges than those faced in the previous applications.Economic Approaches to Natural Resource and Environmental Quality Analysis, Natural Resources and The Environment, Series Volume 5, Maynard M.

Hufschmidt and Eric encourage use of valuation techniques, to the application of such techniques to bauxite mining in Australia. Given the diversity in the papers, a conclusions section might have.