Crean, Jason; Parton, Kevin; Mullen, John; Hayman, Peter - In: Australian Journal of Agricultural and Resource Economics 59 (2015) 1, pp. 61-77
type="main" xml:id="ajar12041-abs-0001" <p>We applied state-contingent theory to climate uncertainty at a farm level to assess the value of seasonal climate forecasts in the Central West region of NSW. We find that modelling uncertainty in a state-contingent manner results in a lower estimate of...</p>