Damage schedule: an alternative approach for evaluation of coastal resources

Abstract

Valuation of natural resources and cnviroiimental assets is a key aspect of successful resource management. In complex systems such as those of coastal areas, decisionmakers usually face the conflicting issues of resource use and environmental damage. Knowing the values of the resources could improve and facilitate decisionmaking. Unfortunately, valuing natural resources is difficult because there are no observable market prices for many resource. This article examines the various methods available and alternative