Abstract
A simple procedure is proposed for evaluating producer welfare under price uncertainty. The method is derived under the assumption of constant absolute risk aversion in which risk preferences depend on the stock of wealth but not on the flow of income. Numerical examples corroborate the procedure's properties.
| Original language | English |
|---|---|
| Pages (from-to) | 44-51 |
| Number of pages | 8 |
| Journal | American Journal of Agricultural Economics |
| Volume | 75 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 1993 |
| Externally published | Yes |
Keywords
- D210
- Ex ante
- Producer welfare
- Uncertainty