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The Value of Information

Methodological Frontiers and New Applications in Environment and Health

  • Book
  • © 2012

Overview

Editors:
  1. Ramanan Laxminarayan

    1. and Policy, Center for Disease Dynamics, Economics, Washington, USA

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    You can also search for this editor in PubMed   Google Scholar

  2. Molly K. Macauley

    1. Resources for the Future, Washington, USA

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    You can also search for this editor in PubMed   Google Scholar

  • Surveys state-of-the-art methodology, investigating how information is valued across multiple spectrums
  • Presents in-depth case examples which range from assessing the value of rapid diagnosis tests in preventing unnecessary use of anti-malarial drugs to the valuation of information associated with climate change catastrophe
  • Illustrates five methodological approaches to valuation: Price- and cost-based derivation; Bayesian belief network; Regulatory cost-effectiveness; Econometric modeling and estimation; and Simulation modeling and estimation

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xxviii
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  2. The Value of Information in Index Insurance for Farmers in Africa

    • Daniel Osgood, Kenneth E. Shirley
    Pages 1-18

  3. The Value of Information in a Risk Management Approach to Climate Change

    • Carolyn Kousky, Roger M. Cooke
    Pages 19-43

  4. Understanding the Value of Business Information

    • Luther Martin
    Pages 45-66

  5. Valuing the Potential Impacts of GEOSS: A Systems Dynamics Approach

    • Michael Obersteiner, Felicjan Rydzak, Steffen Fritz, Ian McCallum
    Pages 67-90

  6. The Informative Role of Advertising and Experience in Dynamic Brand Choice: An Application to the Ready-to-Eat Cereal Market

    • Yan Chen, Ginger Zhe Jin
    Pages 91-141

  7. The Effect of Public and Private Quality Information on Consumer Choice in Health Care Markets

    • Jonathan T. Kolstad
    Pages 143-172

  8. Adoption of Over-the-Counter Malaria Diagnostics in Africa: The Role of Subsidies, Beliefs, Externalities, and Competition

    • Jessica L. Cohen, William T. Dickens
    Pages 173-191

  9. The Value of Determining Global Land Cover for Assessing Climate Change Mitigation Options

    • Steffen Fritz, Sabine Fuss, Petr Havlík, Jana Szolgayová, Ian McCallum, Michael Obersteiner et al.
    Pages 193-230

  10. Space Imaging and Prevention of Infectious Disease: Rift Valley Fever

    • David M. Hartley
    Pages 231-255

  11. Estimating the Benefits of Land Imagery in Environmental Applications: A Case Study in Nonpoint Source Pollution of Groundwater

    • Richard L. Bernknopf, William M. Forney, Ronald P. Raunikar, Shruti K. Mishra
    Pages 257-299

  12. Back Matter

    Pages 301-303
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Keywords

About this book

The book examines applications in two disparate fields linked by the importance of valuing information: public health and space. Researchers in the health field have developed some of the most innovative methodologies for valuing information, used to help determine, for example, the value of diagnostics in informing patient treatment decisions. In the field of space, recent applications of value-of-information methods are critical for informing decisions on investment in satellites that collect data about air quality, fresh water supplies, climate and other natural and environmental resources affecting global health and quality of life.

Editors and Affiliations

  • and Policy, Center for Disease Dynamics, Economics, Washington, USA

    Ramanan Laxminarayan

  • Resources for the Future, Washington, USA

    Molly K. Macauley

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