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A Measure Of The Value Of Information For The Competitive Firm Under Price Uncertainty

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  • Antonovitz, Frances
  • Roe, Terry L.

Abstract

This paper addresses the problem of measuring the value of information to an agent in an environment where the agent is risk averse and choices are base on the utility of income and personal beliefs about the likelihood of uncertain outcomes

Suggested Citation

  • Antonovitz, Frances & Roe, Terry L., 1982. "A Measure Of The Value Of Information For The Competitive Firm Under Price Uncertainty," Staff Papers 13702, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13702
    DOI: 10.22004/ag.econ.13702
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    File URL: https://ageconsearch.umn.edu/record/13702/files/p82-28.pdf
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    References listed on IDEAS

    as
    1. Rulon D. Pope, 1978. "The Expected Utility Hypothesis and Demand-Supply Restrictions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(4), pages 619-627.
    2. Roe, Terry L. & Nygaard, David F., 1980. "Wheat, Allocative Error and Risk: Northern Tunisia," Bulletins 8440, University of Minnesota, Economic Development Center.
    3. Holthausen, Duncan M, 1979. "Hedging and the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 69(5), pages 989-995, December.
    4. Pope, Rulon D, 1980. "The Generalized Envelope Theorem and Price Uncertainty," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 75-86, February.
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    Cited by:

    1. Norton, George W., 1987. "Evaluating Social Science Research in Agriculture," Evaluating Agricultural Research and Productivity, Proceedings of a Workshop, Atlanta, Georgia, January 29-30, 1987, Miscellaneous Publication 52 50028, University of Minnesota, Agricultural Experiment Station.
    2. Graham-Tomasi, Theodore, 1985. "Uncertainty, Information, And Irreversible Investments," Staff Papers 14047, University of Minnesota, Department of Applied Economics.

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    Keywords

    Risk and Uncertainty;

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