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Economic value of weather forecasting: the role of risk aversion

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  • Emilio Cerdá Tena
  • Sonia Quiroga Gómez

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  • Emilio Cerdá Tena & Sonia Quiroga Gómez, 2011. "Economic value of weather forecasting: the role of risk aversion," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 19(1), pages 130-149, July.
    • Handle: RePEc:spr:topjnl:v:19:y:2011:i:1:p:130-149
    DOI: 10.1007/s11750-009-0114-3
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    References listed on IDEAS

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    1. Palacios-Huerta, Ignacio & Serrano, Roberto, 2006. "Rejecting small gambles under expected utility," Economics Letters, Elsevier, vol. 91(2), pages 250-259, May.
    2. A. E. Baquet & A. N. Halter & Frank S. Conklin, 1976. "The Value of Frost Forecasting: A Bayesian Appraisal," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 511-520.
    3. Raskin, Rob & Cochran, Mark J., 1986. "Interpretations And Transformations Of Scale For The Pratt-Arrow Absolute Risk Aversion Coefficient: Implications For Generalized Stochastic Dominance," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-7, December.
    4. Gomez-Limon, Jose A. & Arriaza, Manuel & Riesgo, Laura, 2003. "An MCDM analysis of agricultural risk aversion," European Journal of Operational Research, Elsevier, vol. 151(3), pages 569-585, December.
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    Cited by:

    1. Kaune, Alexander & Werner, Micha & Rodríguez, Erasmo & Karimi, Poolad & de Fraiture, Charlotte, 2017. "A novel tool to assess available hydrological information and the occurrence of sub-optimal water allocation decisions in large irrigation districts," Agricultural Water Management, Elsevier, vol. 191(C), pages 229-238.
    2. Fernandez, Mario Andres, 2013. "Decadal Climate Variability: Economic Implications In Agriculture And Water In The Missouri River Basin," 2013 Conference, August 28-30, 2013, Christchurch, New Zealand 160199, New Zealand Agricultural and Resource Economics Society.
    3. 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.
    4. Cerdá, Emilio & Quiroga, Sonia, 2015. "Analysing the economic value of meteorological information to improve crop risk management decisions in a dynamic context," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 15(02).
    5. Sonia Quiroga & Emilio Cerdá, 2017. "Exploring farmers? selection of crop protection levels as an adaptation strategy to climate risks," Proceedings of Economics and Finance Conferences 4507414, International Institute of Social and Economic Sciences.
    6. Paolo Figini & Simona Cicognani & Lorenzo Zirulia, 2023. "Booking in the Rain. Testing the Impact of Public Information on Prices," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 9(3), pages 1329-1364, November.
    7. Lorenzo Zirulia, 2016. "‘Should I stay or should I go?’," Tourism Economics, , vol. 22(4), pages 837-846, August.

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