|
AgEcon Search >
University of Minnesota >
Department of Applied Economics >
Staff Papers >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/13562
|
| Title: | CERTAINTY EQUIVALENT PRICES AND PRODUCER WELFARE UNDER OUTPUT PRICE UNCERTAINTY |
| Authors: | Tsur, Yacov
Zilberman, David |
| Issue Date: | 1989 |
| Series/Report no.: | Staff Paper P88-40 |
| Abstract: | Producer welfare indices under price uncertainty are derived using the concept of certainty equivalent prices. In this approach the marginal cost function is used instead of the ex-ante supply function; the effects of uncertainty and risk preference are captured by certainty equivalent prices. Implications for welfare evaluation are discussed. |
| URI: | http://purl.umn.edu/13562 |
| Institution/Association: | University of Minnesota>Department of Applied Economics>Staff Papers |
| Total Pages: | 15 |
| Language: | English |
| Collections: | Staff Papers
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
