IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Economics of Prioritising Environmental Research: An Expected Value of Partial Perfect Information (EVPPI) Framework

  • Jeffrey, Scott R.
  • Pannell, David J.

Significant public funds are spent on projects designed to improve environmental quality. Design and implementation of these initiatives is contingent on knowledge generated from environmental research. Funding agencies have many demands for research dollars while having limited research budgets. A prioritisation process is required for efficient and effective allocation of research funds. A review of research prioritisation literature suggests that ad hoc approaches are often used for ex ante analyses examining the value of environmental research (e.g., Delphi techniques, information gaps from literature reviews). This paper characterises environmental research prioritisation in the form of an economic decision problem, formulated using expected value of information concepts. An implicitly Bayesian modelling approach is developed with research priorities being made based on estimates of expected value of partial perfect information (EVPPI). Considerations and challenges associated with empirical implementation of EVPPI are discussed and a hypothetical example is provided to illustrate use of this approach in informing environmental research funding decisions.

If 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.

File URL: http://purl.umn.edu/144944
Download Restriction: no

Paper provided by University of Western Australia, School of Agricultural and Resource Economics in its series Working Papers with number 144944.

as
in new window

Length:
Date of creation: 22 Feb 2013
Date of revision:
Handle: RePEc:ags:uwauwp:144944
Contact details of provider: Postal: 35 Stirling Highway, Crawley, WA 6009
Phone: (61) (8) 6488 1757
Fax: (61) (8) 6488 1098
Web page: http://www.are.uwa.edu.au/
Email:


More information through EDIRC

References listed on IDEAS
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.:

as in new window
  1. Doug Coyle & Jeremy Oakley, 2008. "Estimating the expected value of partial perfect information: a review of methods," The European Journal of Health Economics, Springer, vol. 9(3), pages 251-259, August.
  2. Wuyang Hu & Michele M. Veeman & Wiktor L. Adamowicz, 2005. "Labelling Genetically Modified Food: Heterogeneous Consumer Preferences and the Value of Information," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 53(1), pages 83-102, 03.
  3. Mywish K. Maredia & David Anthony Raitzer, 2010. "Estimating overall returns to international agricultural research in Africa through benefit-cost analysis: a "best-evidence" approach," Agricultural Economics, International Association of Agricultural Economists, vol. 41(1), pages 81-100, 01.
  4. Diagne, Aliou & Alia, Didier Y. & Wopereis, Marco C.S. & Saito, Kazuki, 2012. "Impact of Rice Research on Income and Poverty in Africa: An Ex-ante Analysis," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126874, International Association of Agricultural Economists.
  5. Pannell, David J. & Glenn, Nicole A., 2000. "A framework for the economic evaluation and selection of sustainability indicators in agriculture," Ecological Economics, Elsevier, vol. 33(1), pages 135-149, April.
  6. Pannell, David J., 1994. "The Value Of Information In Herbicide Decision Making For Weed Control In Australian Wheat Crops," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(02), December.
  7. Sung, Hwansoo & Shortle, James S., 2006. "The Expected Value of Sample Information Analysis for Nonpoint Water Quality Management," 2006 Annual meeting, July 23-26, Long Beach, CA 21296, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  8. Rachael L. Fleurence, 2007. "Setting priorities for research: a practical application of 'payback' and expected value of information," Health Economics, John Wiley & Sons, Ltd., vol. 16(12), pages 1345-1357.
  9. N. J. Welton & A. E. Ades & D. M. Caldwell & T. J. Peters, 2008. "Research prioritization based on expected value of partial perfect information: a case-study on interventions to increase uptake of breast cancer screening," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 171(4), pages 807-841.
  10. George J. Stigler, 1961. "The Economics of Information," Journal of Political Economy, University of Chicago Press, vol. 69, pages 213.
  11. Brethour, Cher & Weersink, Alfons, 2003. "Rolling the dice: on-farm benefits of research into reducing pesticide use," Agricultural Systems, Elsevier, vol. 76(2), pages 575-587, May.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ags:uwauwp:144944. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.