TOWARDS MEASURING PRODUCER WELFARE UNDER OUTPUT PRICE UNCERTAINTY AND RISK NON-NEUTRALITY

David Streed Bullock (), Shin, Kie-Yup and Philip Garcia

No 21713, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: We combine theory with numerical integration methods to show that for any form of uncompensated supply, compensating variation of a change in higher moments of an output price distribution can be numerically derived.

Keywords: Producer welfare; price uncertainty; risk; Demand and Price Analysis; Research Methods/ Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Date: 1999
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