The agricultural value of El Nifio-Southern Oscillation (ENSO) phase knowledge is measured in a value-of-information framework using economic models.The authors examine the value of considering the full distribution of ENSO phase strength effects as opposed to average ENSO phase strength effects, as well as the implications of considering ENSO impacts on the rest of the world (ROW).

Author names: 
Chen C-C.
McCarl, B. A.
Year: 
2000
Publisher: 
Journal of Agricultural and Resource Economics
Reference: 

Chen C-C and B. A. McCarl (2000). The Value of ENSO Information to Agriculture: Consideration of Event Strength and Trade. Journal of Agricultural and Resource Economics 25(2):368-385

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