A Case Study in the Economics of Information and Coordination: The Weather Forecasting System

1 August 1964

journal article
Published by Oxford University Press (OUP) in The Quarterly Journal of Economics

Vol. 78 (3) , 420-441
https://doi.org/10.2307/1879475

Abstract

Introduction, 420. — I. The general framework, 422. — II. The use of weather information, 425. — III. The making of forecasts: optimal information structures, 431. — IV. Other problems of cost, 436.

Keywords

WEATHER FORECASTING
INFORMATION STRUCTURES
WEATHER INFORMATION
FORECASTING SYSTEM
OPTIMAL INFORMATION
III
GENERAL FRAMEWORK
SYSTEM INTRODUCTION

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