Valuing improved hurricane forecasts

Jeffrey K. Lazo and Donald Waldman ()

Economics Letters, 2011, vol. 111, issue 1, 43-46

Abstract: The value to households of improved hurricane forecasts is estimated from a pilot survey using discrete choice econometric methods. Each household is willing to pay approximately $13 for improvements in forecast attributes such as landfall time and position, wind speed, and storm surge.

Keywords: Hurricane; Discrete; choice; analysis; Value; of; information (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (9)

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