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Weather Incentives Work?
The Russians will soon find out.
Moscow Mayor Juri Luschkov said: "Weather forecasters in our city and the surrounding area will be held responsible for financial losses that the city incurs through their incorrect prognoses."....
He did not elaborate on how much the fines would be or if the cash would be taken from the weathermen, or the companies they worked for.
The fines come after the head of the Romanian National Meteorology Agency, Ion Poiana, was fired after he predicted warm weather fronts on days when temperatures plunged to a record minus 36 degrees centigrade.
Thanks to Carl Close for the pointer.
Posted by Alex Tabarrok on February 27, 2005 at 07:05 AM in Economics | Permalink
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