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Correlated risks and the value of information

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  • Louis Eeckhoudt
  • Alban Thomas
  • Nicolas Treich

Abstract

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Suggested Citation

  • Louis Eeckhoudt & Alban Thomas & Nicolas Treich, 2011. "Correlated risks and the value of information," Journal of Economics, Springer, vol. 102(1), pages 77-87, January.
  • Handle: RePEc:kap:jeczfn:v:102:y:2011:i:1:p:77-87
    DOI: 10.1007/s00712-010-0169-5
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    References listed on IDEAS

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    1. Chavas, Jean-Paul & Kristjanson, Patricia M. & Matlon, Peter, 1991. "On the role of information in decision making : The case of sorghum yield in Burkina Faso," Journal of Development Economics, Elsevier, vol. 35(2), pages 261-280, April.
    2. Ronald I. McKinnon, 1967. "Futures Markets, Buffer Stocks, and Income Stability for Primary Producers," Journal of Political Economy, University of Chicago Press, vol. 75, pages 844-844.
    3. Hess, James, 1982. "Risk and the gain from information," Journal of Economic Theory, Elsevier, vol. 27(1), pages 231-238, June.
    4. Eeckhoudt, Louis & Hansen, P, 1989. "Minimum Prices and Optimal Production under Multiple," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 16(3), pages 411-418.
    5. James W. Mjelde & Harvey S.J. Hill & John F. Griffiths, 1998. "A Review of Current Evidence on Climate Forecasts and Their Economic Effects in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(5), pages 1089-1095.
    6. Richard M. Adams & Kelly J. Bryant & Bruce A. Mccarl & David M. Legler & James O'Brien & Andrew Solow & Rodney Weiher, 1995. "Value Of Improved Long‐Range Weather Information," Contemporary Economic Policy, Western Economic Association International, vol. 13(3), pages 10-19, July.
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    Citations

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    Cited by:

    1. L.D. Tamini & M. Doyon & M.M. Zan, 2014. "Investment behavior of Canadian Egg Producers: Analyzing the Impacts of Risk Aversion and Variability of Prices and Costs of Production," Cahiers de recherche CREATE 2014-2, CREATE.
    2. Strand,Jon & Siddiqui,Sauleh, 2015. "Value of improved information about forest protection values, with application to rainforest valuation," Policy Research Working Paper Series 7423, The World Bank.

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    More about this item

    Keywords

    Risk; Information value; Decision making; D81;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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