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There is no abstract for this book chapter. It outlines one of the commonly used methods of valuing environmental improvements, discussing the implicit assumptions about perceptions that are embedded in this approach
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Valuing the environment is an extremely difficult and contentious issue. Courts have struggled with this issue in determining natural resource damages (NRD) under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) and the Oil Pollution Act of 1990 (OPA)....
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