The Value of Enso Information to Agriculture: Consideration of Event Strength and Trade

The agricultural value of El Nino-Southern Oscillation (ENSO) phase knowledge is measured in a value-of-information framework using economic models. We examine the value of considering the full distribution of ENSO phase strength effects as opposed to average ENSO phase strength effects, as well as...

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Bibliographic Details
Main Authors: Chi-Chung Chen, Bruce A. McCarl
Format: Article
Language:English
Published: Western Agricultural Economics Association 2000-12-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/30887