Anbarci, Nejat; Boyd III, John; Floehr, Eric; Lee, Jungmin - In: Regional Science and Urban Economics 41 (2011) 2, pp. 124-133
Accurate weather forecasts have substantial economic value. We examine the provision of accurate forecasts both theoretically and empirically. Theoretically, we use a simple Neo-Hotelling model. In that model, the public forecaster, the National Weather Service (NWS), tries to achieve...