Figini, Paolo; Cicognani, Simona; Zirulia, Lorenzo - 2019
improvement in the weather forecast has a positive impact on the price, the effect being stronger the higher the level of accuracy … of the forecast and the level of ex ante uncertainty in weather conditions. We then estimate an augmented hedonic price … weather forecasts. Consistent with the theory, we find that, ceteris paribus, good weather forecasts are associated to higher …
