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Exact Welfare Measurement for Producers Under Uncertainty

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  • Larson, Douglas M.

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.

Suggested Citation

  • Larson, Douglas M., 1987. "Exact Welfare Measurement for Producers Under Uncertainty," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270112, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea87:270112
    DOI: 10.22004/ag.econ.270112
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    References listed on IDEAS

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    7. Rulon Pope & Jean-Paul Chavas & Richard E. Just, 1983. "Economic Welfare Evaluations for Producers under Uncertainty," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 98-107.
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