|Authors||Bouma, Jetske; Kuika, Onno; Dekker, Arnold|
|Keywords||Value of information; coral reefs; Earth Observation; water quality management; Bayesian; decision theory|
|Abstract||This paper examines the economic benefits of Earth Observation (EO) information for managing the Great Barrier Reef, Australia. We focus on water quality management and hypothesise that EO information improves welfare by better targeting emission reduction measures to the most polluting catchments. To assess the expected value of EO information we use Bayesian decision theory. We collect empirical data regarding the perceived utility and accuracy of EO information from key experts and stakeholders. To assess the welfare effects of improved decision-making we use cost estimates from the existing literature. The analysis suggests that the expected benefits of EO information for Great Barrier Reef management are substantial, but that outcomes are sensitive to a number of parameters. Further research seems equired to increase the robustness of results.|
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THE VALUE OF EARTH OBSERVATION FOR MANAGING THE GREAT BARRIER REEF
Submitted by iiasa on Thu, 2009-03-26 17:34.