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Full-Text Articles in Environmental Sciences
The Evolution Of Non-Market Valuation Of U.S. Coastal And Marine Resources, Douglas Lipton, Dan K. Lew, Kristy Wallmo, Peter Wiley, Anthony Dvarskas
The Evolution Of Non-Market Valuation Of U.S. Coastal And Marine Resources, Douglas Lipton, Dan K. Lew, Kristy Wallmo, Peter Wiley, Anthony Dvarskas
Journal of Ocean and Coastal Economics
At the federal level, particularly within the National Oceanic and Atmospheric Administration (NOAA), regulatory and programmatic needs have driven the continued development and application of non-market valuation approaches to marine and coastal resources. The evolution of these valuation approaches not only entails adopting the recommendations of the 1993 NOAA blue ribbon panel on contingent valuation, but also an expansion of stated preference approaches with increased use of stated preference choice experiments. Revealed preference approaches have also advanced with more sophisticated random utility models. We provide an overview of this evolution in the areas of natural resources damage assessment, protected resources, …
What Have We Learned From The Deepwater Horizon Disaster? An Economist’S Perspective, Daniel R. Petrolia
What Have We Learned From The Deepwater Horizon Disaster? An Economist’S Perspective, Daniel R. Petrolia
Journal of Ocean and Coastal Economics
This paper outlines what we have learned about the impacts of the Deepwater Horizon (DWH) oil disaster from the economics discipline as well as what effect the DWH disaster has had on the economics discipline. It appears that what we know about the economic impact of the DWH spill today is limited, possibly because such analysis is tied up in the federal Natural Resource Damage Assessment (NRDA) process and other state-led efforts. There is evidence, however, that the NRDA process has changed over time to de-emphasize economic valuation of damages. There is also evidence that economists may be producing fewer …