Water Resources Update

Universities Council on Water Resources

Issue No. 109: Autumn 1997

How Valuable is Valuation?

Table of Contents

How Valuable is Valuation? Issue Overview by John B. Braden 1

Use of Non-Market Valuation Studies In Water Resources Management Assessments

by John B. Loomis 5

Use of Non-Market Valuation Methods in the Courtroom: Recent Affirmative Precedents in Natural Resource Damage Assessments by Carol A. Jones......... 10

Making Benefit Estimation Useful: Lessons From Flood Control Experience

by Leonard Shabman...... 19

Assessing Groundwater Damages From Hazardous-Substance Releases

by Richard W. Dunford and Jennifer A. Murdock...... 25

Estimating The Economic Benefits of Water and Wastewater Investments:

Residential Demands in Cairo, Egypt by John P. Hoehn and Douglas Krieger          34

Valuing ARespectable@ Benefit Estimates--Or How Far Are You Willing To Go To

Avoid Asking Hypothetical Questions? by Clifford S. Russell and Christopher D. Clark 42

The Discipline of Imperfect Bean Counting by William B. O=Neil......... 49

Choices, Prices, and Collective Action in U.S. Water Policy by Daniel W. Br