THE VALUE OF OUTLOOK INFORMATION IN POST-HARVEST MARKETING STRATEGIES

M. Edward Rister and Jerry R. Skees

No 279431, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper uses stochastic dominance theory to evaluate the use of market outlook information in the harvest decision to store or not store grain sorghum in the Coastal Bend region of southern Texas. Use of Pratt risk-aversion coefficients to identify various classes of decision makers lead to the conclusion that outlook information is valuable to a variety of decision makers.

Keywords: Marketing; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 15
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279431

DOI: 10.22004/ag.econ.279431

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