文章基本信息

标题：THE VALUE OF PUBLIC INFORMATION FOR MICROECONOMIC PRODUCTION DECISIONS
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作者：Preckel, Paul V. ; Loehman, Edna T. ; Kaylen, Michael S. 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：1987
页码：193-197
出版社：Journal of Agribusiness
摘要：Procedures are needed to evaluate the benefits of the provision of information. This paper shows how to apply a money metric definition of the value of information for this purpose. The application is to microeconomic input choices for agricultural production, and the information to be valued concerns the effect of fertilization on sorghum yield. In this paper application both output price and output level are stochastic, and the probability distribution of output is affected by the chosen level of fertilizer.