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Market -Level Measures Of The Value Of Weather Information: Conceptual And Empirical Considerations

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  • Antonovitz, Frances

Abstract

Assuming risk-neutral producers with rational expectations, ex-ante market-level measures of the value of weather information to both consumers and producers are derived. Methods to obtain empirical estimates of these ex-ante measures from observed data are derived and discussed.

Suggested Citation

  • Antonovitz, Frances, 1991. "Market -Level Measures Of The Value Of Weather Information: Conceptual And Empirical Considerations," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271191, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271191
    DOI: 10.22004/ag.econ.271191
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    References listed on IDEAS

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    1. Bruce A. Babcock, 1990. "The Value of Weather Information in Market Equilibrium," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(1), pages 63-72.
    2. Antonovitz, Frances & Roe, Terry, 1988. "A Theoretical and Empirical Approach to the Value of Information in Risky Markets: A Reply," The Review of Economics and Statistics, MIT Press, vol. 70(3), pages 545-547, August.
    3. Byerlee, Derek R. & Anderson, Jock R., 1969. "Value Of Predictors Of Uncontrolled Factors In Response Functions," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 13(2), pages 1-10, December.
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