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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Year of publication:	1990-01-01
Authors:	Babcock, Bruce A.
Institutions:	Department of Economics, Iowa State University

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in American Journal of Agricultural Economics, January 1990, vol. 72 no. 1, pp. 63-72
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005433296