We provide the first revealed preference estimates of the benefits of routine weather forecasts. The benefits come from … mortality if and only if mortality risk is convex in forecast errors. We test for such convexity using data on the universe of … mortality events and weather forecasts for a twelve-year period in the U.S. Results show that erroneously mild forecasts …

We provide the first revealed preference estimates of the benefits of routine weather forecasts. The benefits come from … mortality if and only if mortality risk is convex in forecast errors. We test for such convexity using data on the universe of … mortality events and weather forecasts for a twelve-year period in the U.S. Results show that erroneously mild forecasts …

agriculture. With mounting evidence that climate is warming, we show that such warming will have substantial impacts on … unique fine-scale weather data set that incorporates the whole distribution of temperatures between the minimum and maximum …-linear and asymmetric relationship between temperature and yields. Yields increase in temperature until about 29C for corn and …

Climate change increases weather variability, exacerbating agricultural risk in poor countries. Risk-averse farmers are …, randomizing 250 villages into control; a forecast group receiving information well in advance of onset; and a benchmark index … insurance group. Forecast farmers update their beliefs and their behavior: farmers who receive "bad news" relative to their …

ecological/economic models with an emphasis on climate change. The advantage of this approach is that it introduces the reader to … a very important current research topic, but it also allows, by using climate as the reference ecosystem, the …