Value of Improved Information about Forest Protection Values, with Application to Rainforest Valuation
What is the utility from obtaining more
precise values of natural resource objects (rainforests),
through surveys or other similar information gathering? In
the value of information problems studied here, a principal
who wishes to preserve a resource sets a price to offer to a
seller without knowing precisely the protection value or
opportunity value, to the seller. The value of information
related to more precise information about the protection