Compensable natural resource damage determination for the Upper Clark Fork River NPL sites

94 Pages·1995·1.6 MB·English

by  Rowe, Robert D., 1949-

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363.738
H2CNRD
STATE OF MONTANA
1995
NATURAL RESOURCE DAMAGE PROGRAM
COMPENSABLE NATURAL RESOURCE DAMAGE DETERMINATION
UPPER CLARK FORK RIVER NPL SITES
JANUARY 1995
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COMPENSABLE NATURAL RESOURCE
DAMAGE DETERMINATION FOR THE UPPER
CLARK FORK RIVER NPL SITES

COMPENSABLE NATURAL RESOURCE
DAMAGE DETERMINATION FOR THE UPPER
CLARK FORK RIVER NPL SITES
STATE OF MONTANA
NATURAL RESOURCE DAMAGE LITIGATION PROGRAM
Prepared by:
RCG/Haglcr Bailly
P.O. Drawer O
Boulder, Colorado 80306-1906
[phone]
Primary Authors:
Robert D. Rowe
R
Edward Morey
William D. Schulze
Contributing Author:
William S. BrefTle
JANUARY
1995

COMPENSABLE NATURAL RESOURCE
DAMAGE DETERMINATION FOR THE UPPER
CLARK FORK RIVER NPL SITES
STATE OF MONTANA
NATURAL RESOURCE DAMAGE LITIGATION PROGRAM
Prepared by:
RCG/Hagler Bailly
P.O. Drawer O
Boulder, Colorado 80306-1906
[phone]
Expert Witnesses:
Robert D. Rowe
t /X.frlv
Signature
R
<^~ Edward Morey
Signature
William D. Schulze
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2x
Signature
JANUARY
1995
Digitized by the Internet Archive
in 2011 with funding from
Montana State Library
http://www.archive.org/details/compensablenatur1995rowe
CONTENTS
INTRODUCTION AND SUMMARY OF RESULTS
1.0 1
INTRODUCTION
1.1 1
NATURAL RESOURCE INJURIES AT THE CLARK FORK NPL
1.2
SITES 3
SUMMARY OF RESULTS
1.3 3
ORGANIZATION OF THIS REPORT
1.4 5
2.0 ECONOMIC CONCEPTS, METHODS, AND STUDIES 6
CONCEPTS
2.1 6
2.1.1 Valuation Concepts 6
2.1.2 Illustration of Past, Interim, and Residual Damages 8
2.2 THE DAMAGE VALUATION STUDIES 11
2.2.1 Introduction 11
2.2.2 The Recreation Valuation Study 13
2.2.3 The Contingent Valuation Study 17
2.2.4 Correspondence Between the Recreation Valuation and
Contingent Valuation Studies 19
DETERMINATION OF COMPENSABLE DAMAGES
3.0 21
3.1 PAST DAMAGES 21
3.2 INTERIM DAMAGES WHILE COMPLETE CLEANUP IS
UNDERTAKEN
23
3.3 INTERIM AND RESIDUAL DAMAGES WITH PARTIAL CLEANUP 25
.
RESmUAL DAMAGES NO ADDITIONAL CLEANUP
3.4 IF IS
UNDERTAKEN
27
DAMAGE DETERMINATION FOR DIFFERENT TIME PERIODS OF
3.5
PAST DAMAGES AND FUTURE CLEANUP 28
4.0 REFERENCES 29
APPENDLX A DETAILED CALCULATIONS
RCG/Hagler Bailly