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Issues in Risk Assessment (1993) / Chapter Skim
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VALUATION
Pages 263-264

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From page 263...
... The importance of enhanced validation programs needs to be recognized by all regulatory and resource management agencies. VALUATION Valuation and cost-benefit analyses are recognized as integral components of the risk management process.
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From page 264...
... Clearly, a considerable need remains for increased communication and clarification between ecologists and economists to improve the use of valuation methods in ecologic risk management decisions. There is already a substantial literature on the economic value of wetland ecosystems (Scodari, 1990)
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Key Terms

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  • resource economists
  • management process
  • subjectively economic
  • monetizing ecological
  • ecologic risk

  • predicting natural
  • requires people
  • recent empirical
  • validation programs
  • dam construction

  • virtually unanimous
  • sometimes described
  • research indicates
  • risk assessments
  • segments termed

  • previous nrc
  • reasonably reliable
  • empirical research
  • enhanced validation
  • individual behavior


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