The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management
AbstractThis study, prepared at the request of the Office of Earth Science at the U.S. National Aeronautics and Space Administration (NASA), describes a general framework for conceptualizing the value of information and illustrates how the framework might be used to value information from earth science data collected from space. The framework serves two purposes. One purpose is provision of a common basis by which to conduct and evaluate studies of the value of earth science information that serves a variety of uses, from improving environmental quality to protecting public health and safety. The second purpose is to better inform decisionmakers about the value of data and information. Decisionmakers comprise three communities: consumers and producers of information, public officials whose job is to fund productive investment in data acquisition and information development (including sensors and other hardware, algorithm design and software tools, and a trained labor force), and the public at large.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Resources For the Future in its series Discussion Papers with number dp-05-26.
Date of creation: 31 May 2005
Date of revision:
Value of information; earth science; natural resource economics;
Find related papers by JEL classification:
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-24 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wernstedt, Kris & Hersh, Robert, 2001. "Gauging the Vulnerability of Local Water Utilities to Extreme Weather Events," Discussion Papers dp-01-33, Resources For the Future.
- Hirshleifer, J & Riley, John G, 1979.
"The Analytics of Uncertainty and Information-An Expository Survey,"
Journal of Economic Literature,
American Economic Association, vol. 17(4), pages 1375-1421, December.
- Jack Hirshleifer & John G. Riley, 1979. "The Analytics of Uncertainty and Information- An Expository Survey," UCLA Economics Working Papers 159, UCLA Department of Economics.
- Thomas J. Teisberg & Rodney F. Weiher & Eugene Bardach, 2000. "Valuation of geomagnetic storm forecasts: An estimate of the net economic benefits of a satellite warning system," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 19(2), pages 329-334.
- Blomquist, Glenn C & Berger, Mark C & Hoehn, John P, 1988. "New Estimates of Quality of Life in Urban Areas," American Economic Review, American Economic Association, vol. 78(1), pages 89-107, March.
- Roll, Richard, 1984. "Orange Juice and Weather," American Economic Review, American Economic Association, vol. 74(5), pages 861-80, December.
- Babcock, Bruce A., 1990. "Value of Weather Information in Market Equilibrium (The)," Staff General Research Papers 10592, Iowa State University, Department of Economics.
- Pfaff, Alexander S. P., 1999. "What Drives Deforestation in the Brazilian Amazon?: Evidence from Satellite and Socioeconomic Data," Journal of Environmental Economics and Management, Elsevier, vol. 37(1), pages 26-43, January.
- Bradford, David F & Kelejian, Harry H, 1977. "The Value of Information for Crop Forecasting in a Market System: Some Theoretical Issues," Review of Economic Studies, Wiley Blackwell, vol. 44(3), pages 519-31, October.
- Richard M. Adams & Kelly J. Bryant & Bruce A. Mccarl & David M. Legler & James O'Brien & Andrew Solow & Rodney Weiher, 1995. "Value Of Improved Long-Range Weather Information," Contemporary Economic Policy, Western Economic Association International, vol. 13(3), pages 10-19, 07.
- Nelson, Philip, 1974. "Advertising as Information," Journal of Political Economy, University of Chicago Press, vol. 82(4), pages 729-54, July/Aug..
- Stanley R. Johnson & Matthew T. Holt, 1986. "Value of Climate Information, The," Center for Agricultural and Rural Development (CARD) Publications 86-sr6, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 137764, Australian Agricultural and Resource Economics Society.
- Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," Conference/Workshop Proceedings 31906, Productivity Commission.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Webmaster).
If references are entirely missing, you can add them using this form.