@article{Kizito:48844,
      recid = {48844},
      author = {Kizito, Andrew M.},
      title = {Estimating the Benefits from Improved Market Information},
      address = {2009},
      number = {1097-2016-88578},
      series = {Dept. of Agricultural, Food, and Resource Economics  Graduate Research Master's Degree Plan B Paper},
      pages = {60},
      year = {2009},
      abstract = {Using a partial equilibrium model, the benefits of  providing improved agricultural market information to  farmers and small-scale traders of maize, millet, sorghum  and paddy rice in Mali are estimated.  The value of  information is estimated as the reduction in dead-weight  loss when farmers and small-scale traders with rational  expectations respond to improved price forecasts from  Market Information Systems.  The study finds that benefits  from improved information, which can also be viewed as a  reduction of the cost of being off the equilibrium price  and quantity, are great when there is high uncertainty  about future prices, high own-price elasticity of supply,  low own-price elasticity of demand, and high value of crop  output.  The study suggests that crop-specific, localized  Market Information Systems (MIS) designed based on local  area supply and demand responses to prices have higher  returns than national uniformly distributed MISs covering a  wide range of commodities in the country.},
      url = {http://ageconsearch.umn.edu/record/48844},
      doi = {https://doi.org/10.22004/ag.econ.48844},
}