Valuing improved hurricane forecasts |
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| Authors: | Jeffrey K LazoDonald M Waldman |
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| Institution: | a Societal Impacts Program, National Center for Atmospheric Research, Box 3000-RAL, Boulder, CO 80307, United Statesb Department of Economics, University of Colorado, Boulder, CO 80309, United States |
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| 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. |
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| Keywords: | H41 C25 D81 |
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