Value of Weather Information in Market Equilibrium (The)
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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|Date of creation:||01 Jan 1990|
|Publication status:||Published in American Journal of Agricultural Economics, January 1990, vol. 72 no. 1, pp. 63-72|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
- Mjelde, J. W. & Hill, H. S. J., 1999. "The effect of the use of improved climate forecasts on variable costs, input usage, and production," Agricultural Systems, Elsevier, vol. 60(3), pages 213-225, June.
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- Thompson, Nathanael M. & DeVuyst, Eric A. & Brorsen, B. Wade & Lusk, Jayson L., 2016. "Using Genetic Testing to Improve Fed Cattle Marketing Decisions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(2), May.
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- Saak, Alexander & Hennessy, David A., 2002. "Planting Decisions and Uncertain Consumer Acceptance of Genetically Modified Crop Varieties," Staff General Research Papers Archive 5026, Iowa State University, Department of Economics.
- 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.
- Pluske, Johanna M. & Fraser, Rob W., 1995. "Can Producers Place Valid and Reliable Valuations on Wool Price-Risk Information?," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(02), August.
- Anbarci, Nejat & Boyd III, John & Floehr, Eric & Lee, Jungmin & Song, Joon Jin, 2011. "Population and income sensitivity of private and public weather forecasting," Regional Science and Urban Economics, Elsevier, vol. 41(2), pages 124-133, March.
- Thompson, Nathanael M. & DeVuyst, Eric A. & Brorsen, B. Wade & Lusk, Jayson L., 2014. "Value of Genetic Information for Management and Selection of Feedlot Cattle," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 39(1), April.
- 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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