In the Exxon Valdez legal case, several contingent valuation studies were part of estimates of liability damages

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In the Exxon Valdez legal case, several contingent valuation studies were part of estimates of liability damages owed by the oil company, Exxon. Damages were argued to include the value for all U.S. residents of an unpolluted Prince William Sound (where the spill occurred), bringing the issue of nonuse value to the front of the debate. Describe why a resident of the United States far from Alaska might associate real value (be willing to devote real resources) to a place he or she will never see or experience, such as coastal Alaska or the Amazon basin.

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