Tag Archives: Willingness to pay
The Value of the Met Office Public Weather Service to the General Public
| Sector: | Public Policy. | |
|---|---|---|
| Client: | N/A | |
| Published: | 05 September, 2024 |
London Economics were commissioned by the Met Office to estimate the value that the UK public places on the Met Office’s Public Weather Service. The value was estimated through conducting a survey of the UK general population. The overall value is explored, as well as the value of different aspects of weather forecasts. The study […]
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Aeolus Value of Information Study
| Sector: | Space. | |
|---|---|---|
| Client: | European Space Agency (ESA) | |
| Published: | 17 August, 2022 |
London Economics was commissioned by the European Space Agency (ESA) to to assess the value generated by the Aeolus-1 and Aeolus-2 weather missions. The objective of the study was to demonstrate the utility of Value of Information (VOI) frameworks to the valuation of Earth Observation (EO) missions and to apply this framework to the Aeolus missions. The report estimates the benefits of the Aeolus weather missions at €10.6bn, with an average willingness-to-pay of €60k per user.