Economic Gains From Storm Warnings

Two Florida Case Studies

by Harold Demsetz

Download

Full Document

FormatFile SizeNotes
PDF file 1.7 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback54 pages $23.00 $18.40 20% Web Discount

A discussion of the economic gains expected from improvements in locating and tracking tropical storms that should be one result of routine observations from meteorological satellites. Two cases are studied: the City of Miami and the Florida Power and Light Company. Improved tracking of tropical storms should yield information of substantial economic value if it is used correctly. It also appears that the economic gains derivable from existing weather information are not always realized. These conclusions suggest the possibility that better weather information and improved forecasts might induce firms to capture not only additional economic gains, but also those that are already realizable.

This report is part of the RAND Corporation Research memorandum series. The Research Memorandum was a product of the RAND Corporation from 1948 to 1973 that represented working papers meant to report current results of RAND research to appropriate audiences.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.