Measuring producer welfare under output price uncertainty and risk non-neutrality

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dc.creatorBullock, David S.
dc.creatorGarcia, Philip
dc.creatorShin, Kie-Yup
dc.date2017-04-01T20:09:58Z
dc.date.accessioned2026-07-09T05:52:14Z
dc.descriptionProcedures to measure the producer welfare effects of changes in an output price distribution under uncertainty are reviewed. Theory and numerical integration methods are combined to show how for any form of Marshallian risk-responsive supply, compensating variation of a change in higher moments of an output price distribution can be derived numerically. The numerical procedure enables measurement of producer welfare effects in the many circumstances in which risk and uncertainty are important elements. The practical ease and potential usefulness of the procedure is illustrated by measuring the producer welfare effects of USA rice policy.
dc.identifierdoi:10.22004/ag.econ.118434
dc.identifierhttps://ageconsearch.umn.edu/record/118434/files/j.1467-8489.2005.00280.x.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/118434
dc.identifier.urihttp://hdl.handle.net/123456789/569401
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/118434
dc.titleMeasuring producer welfare under output price uncertainty and risk non-neutrality
dc.typeText

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University of Minnesota