CERTAINTY EQUIVALENT PRICES AND PRODUCER WELFARE UNDER OUTPUT PRICE UNCERTAINTY

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dc.creatorTsur, Yacov
dc.creatorZilberman, David
dc.date2017-04-01T14:10:47Z
dc.date.accessioned2026-07-09T03:08:00Z
dc.descriptionProducer welfare indices under price uncertainty are derived using the concept of certainty equivalent prices. In this approach the marginal cost function is used instead of the ex-ante supply function; the effects of uncertainty and risk preference are captured by certainty equivalent prices. Implications for welfare evaluation are discussed.
dc.identifierdoi:10.22004/ag.econ.13562
dc.identifierhttps://ageconsearch.umn.edu/record/13562/files/p88-40.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/13562
dc.identifier.urihttp://hdl.handle.net/123456789/527098
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/13562
dc.titleCERTAINTY EQUIVALENT PRICES AND PRODUCER WELFARE UNDER OUTPUT PRICE UNCERTAINTY
dc.typeText

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