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| Title: | ON SUPPLY SIDE OPTION VALUE |
| Authors: | Graham-Tomasi, Theodore
Myers, Robert J. |
| Issue Date: | 1989 |
| Series/Report no.: | Staff Paper P89-10 |
| Abstract: | In this paper the ability to sign supply-side option value is studied. The compensating and equivalent option prices are defined, and it is argued that equivalent option price is the preferred welfare measure. In the absence of income risk, if the probability distribution of supply is degenerate either with or without the project, one-way test of project acceptance can be established. |
| URI: | http://purl.umn.edu/13341 |
| Institution/Association: | University of Minnesota>Department of Applied Economics>Staff Papers |
| Total Pages: | 20 |
| Language: | English |
| Collections: | Staff Papers
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