ABSTRACT
The techniques for estimating pecuniary damages to forest assets are obviously related to those techniques described in the previous chapter on market values of forest assets. Three major approaches are commonly used to quantify these damages: (1) the falldown in value or diminution of value approach, (2) the restoration or cost-to-cure approach, and (3) the capitalized loss of income approach. The chapter describes each, how each is applied and sometimes combined with other approaches, and the advantages and disadvantages of each, along with some of the ancillary techniques that may be needed. It also includes a separate case study concerning historical damages alleged to have occurred on the Klamath Indian Reservation.
