susceptible to likelihood insensitivity. We also find a similar pattern in a representative population sample where cloudy weather … help explain re al-world phenomena such as financial markets that react to regular fluctuations in weather conditions. …

In the literature the effects of weather on electricity sales are well-documented. However, studies that have … investigated the impact of weather on electricity prices are still scarce (e.g. Knittel and Roberts, 2005), partly because the … wholesale power markets have only recently been deregulated. We introduce the weather factor into well-known forecasting models …

This paper investigates the welfare effect of adverse weather through changes in the speed of individuals’ car … commuting trips in the entire Netherlands. Weather measurements are local and time specific (hourly basis). As most commuters … travel twice a day between home and work, we are able to estimate the effect of adverse weather employing panel data …

. We do this by focusing on a special cause of unreliability: variations in weather conditions. We use hourly measured … weather conditions. The panel data results imply that snow has a substantial negative effect on the speed public transport …

distinguish household specific wealth levels and two types of shocks: correlated (weather) shocks and idiosyncratic (wealth …