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|
|Date of revision:|
|Publication status:||Published in American Journal of Agricultural Economics, January 1990, vol. 72 no. 1, pp. 63-72|
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