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A Case Study in the Economics of Information and Coordination the Weather Forecasting System

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  • Richard R. Nelson
  • Sidney G. Winter

Abstract

Introduction, 420. — I. The general framework, 422. — II. The use of weather information, 425. — III. The making of forecasts: optimal information structures, 431. — IV. Other problems of cost, 436.

Suggested Citation

  • Richard R. Nelson & Sidney G. Winter, 1964. "A Case Study in the Economics of Information and Coordination the Weather Forecasting System," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 78(3), pages 420-441.
  • Handle: RePEc:oup:qjecon:v:78:y:1964:i:3:p:420-441.
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    Citations

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    Cited by:

    1. Mario Andres Fernandez & Pei Huang & Bruce McCarl & Vikram Mehta, 2016. "Value of decadal climate variability information for agriculture in the Missouri River basin," Climatic Change, Springer, vol. 139(3), pages 517-533, December.
    2. Aoyagi, Masaki, 2014. "Strategic obscurity in the forecasting of disasters," Games and Economic Behavior, Elsevier, vol. 87(C), pages 485-496.
    3. MacAuley, Molly K., 2005. "The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management," Discussion Papers 10839, Resources for the Future.
    4. Richard Arnott, 1992. "Information and Usage of Congestible Facilities Under Free Access," Discussion Papers 974, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. Boyd, James, 1998. "The Benefits of Improved Environmental Accounting: An Economic Framework to Identify Priorities," Discussion Papers 10609, Resources for the Future.
    6. World Bank, 2010. "Improving Water Management in Rainfed Agriculture : Issues and Options in Water-Constrained Production Systems," World Bank Publications - Reports 13028, The World Bank Group.
    7. Boyd, James, 1998. "The Benefits of Improved Environmental Accounting: An Economic Framework to Identify Priorities," RFF Working Paper Series dp-98-49, Resources for the Future.
    8. Paolo Figini & Simona Cicognani & Lorenzo Zirulia, 2023. "Booking in the Rain. Testing the Impact of Public Information on Prices," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(3), pages 1329-1364, November.
    9. Lorenzo Zirulia, 2016. "‘Should I stay or should I go?’," Tourism Economics, , vol. 22(4), pages 837-846, August.

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