Producer Preference for Price Stability
Hiebert, L. Dean
Журнал:
American Journal of Agricultural Economics
Дата:
1984
Аннотация:
Producer preference for product price variability vis-à-vis price stability at the mean is examined in a simple two-input model where one input is chosen after price is known while the other input must be chosen before price is observed. The result shows that risk-neutral producers may strictly prefer price stability.
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