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The value of informed agency for Torres Strait climate change
Ecological Economics ( IF 7 ) Pub Date : 2021-02-01 , DOI: 10.1016/j.ecolecon.2020.106880
Daniel Grainger , Felecia Watkin-Lui , Karen Cheer

Abstract The challenge of aggregating research information for Torres Strait exists. Currently, research is often done in isolation. Now, more than ever, the aggregation of Torres Strait research information is needed to address climate change. Information aggregation leads to informed agency. Informed agency leads to best possible climate change policies and actions. Information markets can facilitate informed agency and climate change project selection and valuation. We demonstrate the benefit of employing a particular information market approach to facilitate informing agents in a real world workshop setting. The workshop considers how best to address the Torres Strait climate change problem. Our a priori theoretical model motivates a specific hypothesis on the functional form of information uptake by agents (workshop participants). Analysis of collected data supports our hypothesis. The information market implies a valuation of climate change project information. It is estimated to be as valuable as a typical flood insurance premium.

中文翻译:

托雷斯海峡气候变化知情机构的价值

摘要 聚合托雷斯海峡的研究信息存在挑战。目前,研究通常是孤立进行的。现在,比以往任何时候都更需要聚合托雷斯海峡研究信息来解决气候变化问题。信息聚合导致知情代理。知情机构导致最佳的气候变化政策和行动。信息市场可以促进知情机构和气候变化项目的选择和评估。我们展示了采用特定信息市场方法在现实世界研讨会环境中促进通知代理的好处。研讨会考虑如何最好地解决托雷斯海峡气候变化问题。我们的先验理论模型激发了对代理(研讨会参与者)信息吸收功能形式的特定假设。对收集到的数据的分析支持我们的假设。信息市场意味着对气候变化项目信息的估值。据估计,它与典型的洪水保险费一样有价值。
更新日期:2021-02-01
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