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Value of Weather Information in Market Equilibrium (The)

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Author Info
Babcock, Bruce A.

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Abstract

Examines how the value of weather information is changed with improvements in the accuracy of forecasts when farmers act noncooperatively. Description of a stylized model of competitive production with rational expectations; Effects of increase in forecast accuracy; Changes in the value of information; Changes in input use; Changes in expected supply.

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Publisher Info
Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 10592.

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Date of creation: 17 Jun 2003
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Publication status: Published in American Journal of Agricultural Economics, January 1990, Vol. 72, No. 1, pp. 63-72.
Handle: RePEc:isu:genres:10592

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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  1. Miguel Carriquiry & Daniel E. Osgood, 2008. "Index Insurance, Probabilistic Climate Forecasts, and Production," Center for Agricultural and Rural Development (CARD) Publications 08-wp465, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
  2. Alberto Chong & Virgilio Galdo & Máximo Torero, 2005. "Does Privatization Deliver? Access to Telephone Services and Household Income in Poor Rural Areas Using a Quasi-Natural Experiment in Peru," RES Working Papers 4417, Inter-American Development Bank, Research Department. [Downloadable!]
  3. Alberto Chong & Virgilio Galdo & Máximo Torero, 2005. "¿Cumple la privatización lo que promete? El acceso a los servicios telefónicos y el ingreso familiar en zonas rurales pobres empleando un experimento cuasinatural en Perú," RES Working Papers 4418, Inter-American Development Bank, Research Department. [Downloadable!]
  4. Saak, Alexander E. & Hennessy, David A., 2001. "Planting Decisions And Uncertain Consumer Acceptance Of Genetically Modified Crop Varieties," 2001 Annual meeting, August 5-8, Chicago, IL 20581, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    Other versions:
  5. Carriquiry, Miguel A. & Osgood, Daniel E., 2006. "Index Insurance, Production Practices, and Probabilistic Climate Forecasts," 2006 Annual meeting, July 23-26, Long Beach, CA 21463, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  6. Macauley, Molly, 2006. "Ascribing Societal Benefit to Environmental Observations of the Earth from Space: The Multi-angle Imaging Spectroradiometer (MISR)," Discussion Papers dp-06-09, Resources For the Future. [Downloadable!]
  7. Carriquiry, Miguel A. & Osgood, Daniel E., 2008. "Index Insurance, Probabilistic Climate Forecasts, and Production," Staff General Research Papers 12884, Iowa State University, Department of Economics. [Downloadable!]
  8. Macauley, Molly, 2005. "The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management," Discussion Papers dp-05-26, Resources For the Future. [Downloadable!]
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This page was last updated on 2009-12-15.

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