| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A THEORETICAL AND EMPIRICAL APPROACH TO THE VALUE OF INFORMATION IN RISKY MARKETS
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| Autores: |
Antonovitz, Frances
Roe, Terry L.
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| Data: |
2002-02-07
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| Ano: |
1984
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| Palavras-chave: |
Marketing
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| Resumo: |
The theory of the competitive firm under price uncertainty is used to develop a money metric of a producer's willingness to pay for additional information. This concept is extended to the market by formulating ex-ante and ex-post measures of the value of a rational expectations forecast. The empirical feasibility of these measures are demonstrated by application to a simple two equation model of an agricultural market.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
3890
http://purl.umn.edu/13467
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| Editor: |
AgEcon Search
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| Relação: |
University of Minnesota>Department of Applied Economics>Staff Papers
Staff Paper P84-28
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| Formato: |
31
application/pdf
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