Valuing improved hurricane forecasts
The value to households of improved hurricane forecasts is estimated from a pilot survey using discrete choice econometric methods. Each household is willing to pay approximately $13 for improvements in forecast attributes such as landfall time and position, wind speed, and storm surge.
Year of publication: |
2011
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Authors: | Lazo, Jeffrey K. ; Waldman, Donald M. |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 111.2011, 1, p. 43-46
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Publisher: |
Elsevier |
Keywords: | Hurricane Discrete choice analysis Value of information |
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