Publication Date:
2022-05-25
Description:
Author Posting. © Oceanography Society, 2009. This article is posted here by permission of Oceanography Society for personal use, not for redistribution. The definitive version was published in Oceanography 22 no. 2 (2009): 44-49.
Description:
Recent work on the potential economic value of improved coastal
ocean observing capabilities suggests that aggregate values of better ocean observing
system information for all US waters could be in the hundreds of millions of dollars
per year. This aggregate value derives from specific information delivered to particular
user groups in particular regions; the scale of benefits depends on the economic
importance of the user sectors and on their ability to make use of better information
about local and regional marine conditions. As we continue to refine these estimates
of economic value, information on benefits is becoming sufficiently specific to be
useful in the observing system design process. This paper describes a National
Oceanographic Partnership Program study on the economics of ocean observing
system information, presents a framework for incorporating economic information
into observing system design, and sketches the beginning of an application of this
process to the northeast region of the United States.
Description:
This work was supported
by NOPP, NOAA’s Integrated Ocean
Observing System Program, and the
Marine Policy Center of the Woods
Hole Oceanographic Institution.
Repository Name:
Woods Hole Open Access Server
Type:
Article
Format:
application/pdf
