Exact Welfare Measurement for Producers Under Uncertainty

Douglas M. Larson

No 270112, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Ex ante compensating and equivalent variations for producers under price or production uncertainty can frequently be obtained from properly specified ordinary supply and input demand functions, without assumptions about risk aversion. Exact welfare measures of single parameter changes are derived for several widely-used empirical specifications.

Keywords: Health Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:270112

DOI: 10.22004/ag.econ.270112

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