Babcock, Bruce A.

American Journal of Agricultural Economics Vol. 72 no. 1 (January 1990): 63-72.

Examines how the value of weather information is changed with improvements in the accuracy of forecasts when farmers act noncooperatively. Description of a stylized model of competitive production with rational expectations; Effects of increase in forecast accuracy; Changes in the value of information; Changes in input use; Changes in expected supply.