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| Title: | A SIMPLE PROCEDURE TO EVALUATE EX-ANTE PRODUCER WELFARE UNDER PRICE UNCERTAINTY |
| Authors: | Tsur, Yacov |
| Issue Date: | 1991 |
| Series/Report no.: | Staff Paper P91-28 |
| Abstract: | We propose a simple and tractable procedure for evaluating producer welfare under price uncertainty. These properties are achieved at the cost of assuming constant absolute risk aversion, where risk attitude depends on the stock of wealth but not on the flow of income. Numerical examples corroborate the procedure's properties; the validity of the constant absolute risk aversion case as an approximation is discussed. |
| URI: | http://purl.umn.edu/13624 |
| Institution/Association: | University of Minnesota>Department of Applied Economics>Staff Papers |
| Total Pages: | 16 |
| Language: | English |
| Collections: | Staff Papers
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