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The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management

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  • MacAuley, Molly K.

Abstract

This 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 decision-makers about the value of data and information. Decision-makers 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.

Suggested Citation

  • MacAuley, Molly K., 2005. "The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management," Discussion Papers 10839, Resources for the Future.
    • Handle: RePEc:ags:rffdps:10839
    DOI: 10.22004/ag.econ.10839
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    Cited by:

    1. Macauley, Molly, 2006. "Some Issues at the Forefront of Public Policy for Environmental Risk," RFF Working Paper Series dp-06-01, Resources for the Future.
    2. Macauley, Molly & Vukovich, Fred, 2005. "Earth Science Remote Sensing Data - Contributions to Natural Resources Policymaking," RFF Working Paper Series dp-05-35, Resources for the Future.
    3. Choi, Hyung Sik & Schneider, Uwe A. & Rasche, Livia & Cui, Junbo & Schmid, Erwin & Held, Hermann, 2015. "Potential effects of perfect seasonal climate forecasting on agricultural markets, welfare and land use: A case study of Spain," Agricultural Systems, Elsevier, vol. 133(C), pages 177-189.
    4. Macauley, Molly, 2006. "Ascribing Societal Benefit to Environmental Observations of the Earth from Space: The Multi-angle Imaging Spectroradiometer (MISR)," RFF Working Paper Series dp-06-09, Resources for the Future.
    5. Peterson, Deborah C., 2006. "Precaution: principles and practice in Australian environmental and natural resource management," Conference Workshop Proceedings 31906, Productivity Commission.
    6. 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.

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    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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