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1

T, Carson Richard, ed. Using surveys to value public goods: The contingent valuation method. Washington, D.C: Resources for the Future, 1989.

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2

S, Brookshire David, Schulze William D, Bishop Richard C, and Arrow Kenneth Joseph 1921-, eds. Valuing environmental goods: An assessment of the contingent valuation method. Totowa, N.J: Rowman & Allanheld, 1986.

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3

Keinosuke, Gotoh, ed. Cost-benefit analysis of environmental goods by applying contingent valuation method: Some Japanese case studies. Tokyo: Springer, 2006.

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4

Kuchler, Fred. Assigning values to life: Comparing methods for valuing health risks. Washington, DC: U.S. Dept. of Agriculture, Economic Research Service, 1999.

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5

Kuchler, Fred. Assigning values to life: Comparing methods for valuing health risks. Washington, D.C. (1800 M St., N.W., Washington, D.C. 20036-5831): U.S. Dept. of Agriculture, Economic Research Service, 1999.

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6

Dosi, Cesare. Environmental values, valuation methods, and natural disaster damage assessment. Santiago, Chile: CEPAL/ECLAC, 2001.

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7

Dosi, Cesare. Environmental values, valuation methods, and natural disaster damage assessment. Santiago, Chile: CEPAL/ECLAC, 2001.

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8

Environmental, Policy in a. Market Economy (Conference) (1987 Wageningen Netherlands). Valuation methods and policy making in environmental economics: Selected and integrated papers from the congress "Environmental Policy in a Market Economy", Wageningen, The Netherlands, 8-11 September 1987. Amsterdam: Elsevier, 1989.

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9

Ahmed, Uddin Sarwar, and Keinosuke Gotoh. Cost-Benefit Analysis of Environmental Goods by Applying Contingent Valuation Method. Springer, 2008.

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10

Cost-Benefit Analysis of Environmental Goods by Applying the Contingent Valuation Method. Tokyo: Springer Japan, 2006. http://dx.doi.org/10.1007/4-431-28950-x.

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11

Ahmed, Uddin Sarwar, and Keinosuke Gotoh. Cost-Benefit Analysis of Environmental Goods by Applying Contingent Valuation Method: Some Japanese Case Studies. Springer, 2005.

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12

Imaizumi, Yuji. Using contingent valuation method to determine optimal user fees for the recreational use of McDonald Forest, Oregon. 1994.

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13

Irmgard, Marboe. 5 Methods of Valuation in International Practice. Oxford University Press, 2017. http://dx.doi.org/10.1093/law/9780198749936.003.0005.

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This chapter analyses how the three most important valuation approaches – the market approach, the income approach, and the asset based or cost approach – are reflected in the practice of international investment tribunals. After a short description of the theoretical concept of the respective approaches at the beginning, the corresponding cases are presented and analysed in some detail. The discussion shows that also other approaches are applied in the practice of tribunals, such as mixed methods, insurance value, tax value or contract based valuation. Tribunals sometimes also consider additional types of damages, such as loss of reputation, liability to subcontractors, costs for damage limitation, repair and maintenance, as well as costs for pursuing the claim.
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14

Dolan, Paul, and Daniel Fujiwara. Happiness-Based Policy Analysis. Edited by Matthew D. Adler and Marc Fleurbaey. Oxford University Press, 2016. http://dx.doi.org/10.1093/oxfordhb/9780199325818.013.9.

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Happiness data have an important role in policy. They can be used to monitor social progress over time in the same way that GDP figures are currently used. They can also be used in the subjective well-being valuation (SWV) approach to value nonmarket goods for the purposes of cost-benefit analysis, the primary policy evaluation tool in many governments. This chapter focuses on the latter of these two uses of happiness surveys, where a significant literature has grown over the last decade. It discusses the main problems associated with traditional valuation methods that rely on people’s preferences and the ways in which it has been suggested that SWV can overcome some of these difficulties. SWV also has its problems, and the chapter discusses these, provides suggestions for how results from SWV should be interpreted, and highlights where solutions to the problems in the SWV method have been proposed in the literature.
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15

1945-, Folmer Henk, and Ierland E. van, eds. Valuation methods and policy making in environmental economics. Amsterdam: Elsevier, 1989.

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16

Wagner, Ralf. Monetaere Umweltbewertung Mit der Contingent Valuation-Methode. Lang AG International Academic Publishers, Peter, 2000.

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17

Brazier, John, Julie Ratcliffe, Joshua Saloman, and Aki Tsuchiya. Measuring and Valuing Health Benefits for Economic Evaluation. Oxford University Press, 2016. http://dx.doi.org/10.1093/med/9780198725923.001.0001.

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This is the second edition of the first comprehensive textbook about the measurement and valuation of health benefits for economic evaluation. The National Institute for Health and Care Excellence (NICE) and similar agencies around the word require cost-effectiveness evidence in the form of incremental cost per quality-adjusted life year (QALY) in order to make comparisons across competing demands on resources, and this has resulted in an explosion of theoretical and empirical work in the field. This book addresses the theoretical and practical considerations in the measurement and valuation of health benefit with empirical examples and applications to help clarify understanding and make relevant links to the real world. It includes a glossary of key terms and provides guidance on the use of different methods and instruments. This updated edition provides an-up-to date review of the theoretical basis of the QALY; the definition of health; the techniques of valuation (including ordinal); the modelling of health state values (including mapping between measures); a detailed review of generic preference-based measures and other instruments for obtaining health state utility values (with recent developments); cross-cultural issues (including the disability-adjusted life year); the aggregation of QALYs; and the practical issues surrounding the use of utility values in cost-effectiveness models. The book concludes with a discussion on the way forward in light of the substantial methodological differences, the role of normative judgements, and where further research is most likely to take forward this fascinating component of health economics.
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18

Irmgard, Marboe. Part V Remedies and Costs, 25 Compensation and Damages in Investment Treaty Arbitration. Oxford University Press, 2018. http://dx.doi.org/10.1093/law/9780198758082.003.0025.

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Investor-state arbitration is different from commercial arbitration between two private entities in that the involvement of a state or a state entity may entail considerations connected to sovereignty. States as sovereigns have certain rights and prerogatives stemming from the right to self-determination and their responsibility to safeguard public interests. On the other hand, states are also bound by the obligations they have freely decided to enter into. This chapter provides an overview of some important issues and problems in the calculation of compensation and damages in investor-state arbitration. It starts with the legal rules applicable and then addresses some important issues which must be identified in practice, such as causation and the valuation date. Thereafter, it discusses the circumstances which might limit the amount of compensation or damages before concluding with some remarks about the appropriate valuation method.
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19

Brazier, John, Julie Ratcliffe, Joshua A. Salomon, and Aki Tsuchiya. Measuring and valuing health: an international perspective. Oxford University Press, 2016. http://dx.doi.org/10.1093/med/9780198725923.003.0011.

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The institutionalized demand for cost-effectiveness evidence in low- and middle-income countries—where this sort of information is arguably even more urgently required—has yet to gain traction to the same extent that it has in various countries in the industrialized world. There are several important exceptions to this general observation, and these may signal a rising interest in undertaking and applying cost-effectiveness analysis (CEAs) in developing countries. The disability-adjusted life year (DALY) is an alternative to the QALY that has been favoured in much of the cost-effectiveness work in developing countries; and extends the discussions of key issues in the definition, description, and valuation of health to address some of the added considerations demanded by cross-cultural applications of the methods and tools that are the focus of this book.
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20

Campbell, McLachlan, Shore Laurence, and Weiniger Matthew. Part III Substantive Rights, 9 Compensation. Oxford University Press, 2017. http://dx.doi.org/10.1093/law/9780199676798.003.0009.

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Chapter 9 examines the obligation upon the State committing the international wrong to make reparation through restitution or monetary compensation. It first considers the international law standards of compensation for expropriation before proceeding to discuss the range of options adopted in practice by arbitral tribunals. It then looks at practical application of the main methods of valuation used to determine the appropriate level of compensation, particularly the ‘discounted cash flow’ method, along with the issue of causation in international law. The chapter concludes with an analysis of five topics that are assuming greater practical importance in the approach of arbitral tribunals to remedies: the award of moral damages in exceptional circumstances; the claimant’s duties of mitigation of loss; the potential for the availability of non-pecuniary remedies; interest; and costs.
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21

Environmental Values, Valuation Methods and Natural Disaster Damage Assessment: Environment and Development, No. 37. United Nations Publications, 2003.

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22

Borzu, Sabahi. Compensation and Restitution in Investor-State Arbitration. Oxford University Press, 2011. http://dx.doi.org/10.1093/acprof:oso/9780199601189.001.0001.

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This book presents a detailed study on compensation and restitution in investor state arbitration pursuant to investment treaties. The study begins by examining the historical roots of the principles of reparation, restitution, and compensation in international law as reflected in the landmark Chorzów Factory case. The roots of these principles are traced to Roman law and private law concepts that entered into the European continent's legal systems. Moving to modern times, the study focuses on the principle of reparation set out in the Chorzów Factory case and its requirement that reparation put the aggrieved party in the ‘hypothetical position’ that would have existed if not for the wrongful act. Restitution, both material and judicial, is discussed as a form of reparation. Compensation, by far the more common form of reparation in modern international investment disputes, is discussed in detail. In dealing with compensation for expropriation, this book examines the recent trends in which lawful and unlawful expropriation cases are distinguished and the impact that this distinction can have on the amount of compensation. This book additionally outlines some of the main valuation and accounting methods used in setting the hypothetical position to measure compensation due. Various forms of supplemental compensation, such as moral damages, interest, or arbitration costs, may also be necessary to fully restore the hypothetical position; these are discussed along with applicable limitations. This study also sets out important principles that may limit compensation generally, such as causation and the prohibition on double counting.
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