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The value and Cost of Information

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  • Nieuwoudt, W. L.

Abstract

Mathematical models are derived measuring the social benefit and cost of information in comparison to the social benefit or cost of an input (fertilizer) subsidy under different factor market assumptions. In 1975, 54 countries subsidized fertilizers (FAO). In the following countries, the subsidy was as high as 50 percent of the average price of all fertilizers: Ghana, Libya, Niger, Tanzania, Uganda (certain farmers), Iran, and Sri Lanka. In Togo, the subsidy on urea in 1974 was 82 percent (FAO).

Suggested Citation

  • Nieuwoudt, W. L., 1981. "The value and Cost of Information," 1981 Occasional Paper Series No. 2 197123, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo2:197123
    DOI: 10.22004/ag.econ.197123
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    References listed on IDEAS

    as
    1. Zvi Griliches, 1958. "The Demand for Fertilizer: An Economic Interpretation of a Technical Change," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(3), pages 591-606.
    2. Yujiro Hayami, 1964. "Demand for Fertilizer in the Course of Japanese Agricultural Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 46(4), pages 766-779.
    3. Nieuwoudt, W. L. & Behrmann, H. I., 1972. "Demand Functions for fertilizer in South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 11(4), October.
    Full references (including those not matched with items on IDEAS)

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