Snowblind: the importance of climate information for recreational real esta...

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英文文献：Snowblind: the importance of climate information for recreational real estate-雪盲:气候信息对休闲地产的重要性
英文文献作者：Osgood, Daniel E.
英文文献摘要：
Seasonal climate forecasting systems have made substantial gains in recent years. Since climate forecasting technologies are quite new, it is difficult to value them by studying the impacts of existing systems. In pursuing the research necessary to develop and refine these technologies it is worthwhile to know if they have any benefit before their implementation. In this manuscript I determine that there is robust pre-implementation evidence that new vegetation index forecasting technologies could provide non-zero benefits in ranchette markets in Arizona. The magnitudes of the benefits are subtle, but nontrivial when aggregated across the population. In addition, intriguing results for parameters introduced in order to control for confounding impacts are found, suggesting potential rents on information asymmetries.

近年来，季节性气候预报系统取得了重大进展。由于气候预报技术是相当新的，很难通过研究现有系统的影响来评估它们。在进行发展和改进这些技术的必要研究时，值得在实施这些技术之前知道它们是否有任何好处。在这篇手稿中，我确定有坚实的实施前证据表明，新的植被指数预测技术可以为亚利桑那州的牧场市场提供非零收益。好处的大小是微妙的，但如果在整个人口中累加起来，就不是微不足道的了。此外，为控制混杂影响而引入的参数也发现了有趣的结果，表明信息不对称的潜在租金。

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