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The Use of Economics in Restoration Planning

by Donna Lawson, National Oceanic and Atmospheric, Administration, Silver Spring, United States,
Maura Newell, National Oceanic and Atmospheric, Administration, Silver Spring, United States,



Document Type: Proceeding Paper

Part of: Coastal Zone '93

Abstract:

Economic methods can be used to estimate the value of resource services in terms of a common denominator (e.g., dollars). Resource value estimates can help in determining the expected benefits of proposed restoration options, thereby helping resource planners make choices among restoration alternatives. While it is not possible to measure all benefits of every restoration option, available estimates can be used in combination with other selection criteria. Estimates of restoration benefits can also be used to help explain trustees' restoration choices to potentially responsible parties, the courts and the public.

Subject Headings: Economic factors | Hazardous materials spills | Pollution | Natural resources | Litigation | Legal affairs | Coastal management

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