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The Stated Preference Method: Is it Reliable for Determining Natural Resource Damages?

5/15/2018 4:30pm7:00pm
James A. Bruen
The Ritz Carlton San Francisco

Jim Bruen to speak at the seminar, "The Stated Preference Method: Is it Reliable for Determining Natural Resource Damages?"

Topic:

Although recent cases, such as Deepwater Horizon, still rely on stated preference methods, especially the Contingent Valuation (CV) method, to measure non-use damages that result from major environmental accidents, experts continue to debate its reliability.

In this seminar, speakers will discuss economic and legal perspectives on the complexities of this method, address a new academic paper’s proposal to replace the National Oceanic and Atmospheric Administration’s guidance on the method, and pose guiding questions that should be addressed when applying this method in natural resource damages cases.