Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

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  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
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Vol. 13 No. 1
Vol. 13 No. 1
Natural Resource Damage Assessment in Practice: Experience of the United States (in English)

Wallapak Polasub

The United States actively pursues damage recovery from firms in the event of natural resource damages. This article provides information on this procedure, from the establishing of the legal enforcement, the diversified nature of state agencies, the difficulty of damage assessment and the cumbersome settlement agreement. We find that in order to actively pursue claims, governmental agencies need: human and monetary resources, experiences, support from seniors policy makers and politically conducive environment. Moreover, the task of damage assessment process can be very complicated because of the non-trivia relationship between the assessment accuracy and its associated costs. Finally, we provide a general course of action of how Thailand can benefit from the United States experiences.

Keywords:   Natural Resource Damage Assessment

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Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

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