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Supply Uncertainty, Option Price, and Option Value

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  • A. Myrick Freeman III

Abstract

This article develops a general model of private and public choice under temporal uncertainty. The model incorporates the effects of risk preferences and the prospect of future learning into both the individual and aggregate valuations of public projects. ...

Suggested Citation

  • A. Myrick Freeman III, 1985. "Supply Uncertainty, Option Price, and Option Value," Land Economics, University of Wisconsin Press, vol. 62(2), pages 176-181.
    • Handle: RePEc:uwp:landec:v:62:y:1985:i:2:p:176-181
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    Citations

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    Cited by:

    1. Aric P. Shafran, 2014. "Equivalent Option Price With Supply Uncertainty," Bulletin of Economic Research, Wiley Blackwell, vol. 66(S1), pages 1-16, December.
    2. Sun, Henglun & Bergstrom, John C. & Dorfman, Jeffrey H., 1992. "Estimating the Benefits of Groundwater Contamination Control," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 63-71, December.
    3. Klaus Glenk & Sergio Colombo, 2013. "Modelling outcome-related risk in choice experiments," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(4), pages 559-578, October.
    4. Allen, James C. & Bergstrom, John C., 2003. "Measuring Values For Wetlands Protection In A Developing Country From Domestic And International Citizen Groups," 2003 Annual meeting, July 27-30, Montreal, Canada 22009, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Gérard Mondello, 2012. "Ambiguity, Agency Relationships and Adverse Selection," Post-Print halshs-00929978, HAL.
    6. A. Myrick Freeman, 1989. "Ex Ante and Ex Post Values for Changes in Risks," Risk Analysis, John Wiley & Sons, vol. 9(3), pages 309-317, September.
    7. Graham-Tomasi, Theodore & Myers, Robert J., 1989. "On Supply Side Option Value," Staff Papers 13341, University of Minnesota, Department of Applied Economics.
    8. Segerson, Kathleen & Graham-Tomasi, Ted, 1986. "Environmental Irreversibility and Uncertainty Relating to Resource Use in Agriculture," Staff Papers 200446, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    9. Loomis, John B., 1988. "Broadening The Concept And Measurements Of Existence Value," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 17(1), pages 1-7, April.
    10. Boyle, Kevin J. & Bishop, Richard C., 1985. "The Total Value Of Wildlife: A Case Study Involving Endangered Species," 1985 Annual Meeting, August 4-7, Ames, Iowa 278711, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Chien, Yu-Lan & Larson, Douglas, 1991. "Measuring Supply-Side Option Price: Estimates for Preserving the Northern Spotted owl," WAEA/ WFEA Conference Archive (1929-1995) 321472, Western Agricultural Economics Association.
    12. Asafu-Adjaye, John & Adamowicz, Wiktor & Phillips, William, 1989. "Nonmarket Valuation under Uncertainty," Staff Paper Series 232438, University of Alberta, Department of Resource Economics and Environmental Sociology.

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