A Case Study in the Economics of Information and Coordination the Weather Forecasting System
Richard R. Nelson, Sidney G. Winter, Jr.
The Quarterly Journal of Economics · 1964 · Volume 78 · Issue 3
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.
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