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Discounting and the treatment of uncertainty in natural resource damage assessment
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1999
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Series: DARP technical paper ; 99-1
[PDF-775.56 KB]
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Description:The purpose of this paper is to advise natural resource trustees and the affected public on the treatment of discounting and uncertainty in natural resource damage assessment (NRDA) under the Oil Pollution Act (OPA)... The scope of the paper includes: general principles in the treatment of discounting and uncertainty that would serve as a basis for assessments, and rules of thumb to use for assessments where development of case-specific treatments of uncertainty may not be feasible. The advice in this document should not be rigidly followed, but rather, utilized with the flexibility necessary to resolve the unique problems that confront each case, even in the context of expedited analysis.
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Rights Information:Public Domain
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Compliance:Library
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