Open AccessEconomic Approach to Valuing Information with Applications to Climate Information
Author(s) -
Tatiana Borisova,
Norman Breuer,
Irina Grinberg
Publication year - 2009
Publication title -
edis
Language(s) - English
Resource type - Journals
ISSN - 2576-0009
DOI - 10.32473/edis-fe801-2009
Subject(s) - economic evaluation , agriculture , order (exchange) , economics , computer science , natural resource economics , operations research , geography , engineering , finance , microeconomics , archaeology
FE801, a 6-page illustrated fact sheet by Tatiana Borisova, Norman Breuer, and Irina Grinberg, gives a basic introduction to the economic approach to valuing information. Specifically, it discusses a way to evaluate the information in Florida climate forecasts in order to improve agriculture decisions and thereby produce more reliable economic outcomes. Includes references. Published by the UF Department of Food and Resource Economics, June 2009.