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Economic value of weather forecasting: the role of risk aversion

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  • Emilio Cerdá Tena

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  • Sonia Quiroga Gómez

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Abstract

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Suggested Citation

  • Emilio Cerdá Tena & Sonia Quiroga Gómez, 2011. "Economic value of weather forecasting: the role of risk aversion," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 19(1), pages 130-149, July.
  • Handle: RePEc:spr:topjnl:v:19:y:2011:i:1:p:130-149 DOI: 10.1007/s11750-009-0114-3
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    References listed on IDEAS

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    1. Palacios-Huerta, Ignacio & Serrano, Roberto, 2006. "Rejecting small gambles under expected utility," Economics Letters, Elsevier, pages 250-259.
    2. A. E. Baquet & A. N. Halter & Frank S. Conklin, 1976. "The Value of Frost Forecasting: A Bayesian Appraisal," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 511-520.
    3. Gomez-Limon, Jose A. & Arriaza, Manuel & Riesgo, Laura, 2003. "An MCDM analysis of agricultural risk aversion," European Journal of Operational Research, Elsevier, vol. 151(3), pages 569-585, December.
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    Cited by:

    1. Fernandez, Mario Andres, 2013. "Decadal Climate Variability: Economic Implications In Agriculture And Water In The Missouri River Basin," 2013 Conference, August 28-30, 2013, Christchurch, New Zealand 160199, New Zealand Agricultural and Resource Economics Society.
    2. L. Zirulia, 2015. "“Should I stay or should I go?”: Weather forecasts and the economics of “short breaks”," Working Papers wp1034, Dipartimento Scienze Economiche, Universita' di Bologna.

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