Physical Sciences and Mathematics Commons^™

Critical Analysis Of The Value Of Drought Information And Impacts On Land Management And Public Health, Tingting Liu, Kelly Helm Smith, Richard Krop, Tonya Haigh, Mark Svoboda

Drought Mitigation Center: Faculty Publications

This paper reviews previous efforts to assign monetary value to climatic or meteorological information, such as public information on drought, climate, early warning systems, and weather forecast information. Methods and tools that have been explored to examine the benefits of climatic and meteorological information include the avoided cost, contingent valuation, choice experiments, benefit transfer, and descriptive approaches using surveys. The second part of this paper discusses specific considerations related to valuing drought information for public health and the Bureau of Land Management. We found a multitude of connections between drought and the land management and health sectors in the literature. …