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Option Demand and Consumer's Surplus: Valuing Price Changes under Uncertainty

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  • Schmalensee, Richard

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  • Schmalensee, Richard, 1972. "Option Demand and Consumer's Surplus: Valuing Price Changes under Uncertainty," American Economic Review, American Economic Association, vol. 62(5), pages 813-824, December.
  • Handle: RePEc:aea:aecrev:v:62:y:1972:i:5:p:813-24
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    Cited by:

    1. Escobari, Diego & Jindapon, Paan, 2014. "Price discrimination through refund contracts in airlines," International Journal of Industrial Organization, Elsevier, vol. 34(C), pages 1-8.
    2. Aric P. Shafran, 2014. "Equivalent Option Price With Supply Uncertainty," Bulletin of Economic Research, Wiley Blackwell, vol. 66(S1), pages 1-16, December.
    3. Kirby, Michael G. & Blyth, Michael J., 1987. "Economic Aspects Of Land Degradation In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(02), August.
    4. De Silva, Nirodha & Williams, Ryan, 2015. "Assessing The Option Value Of The Ogallala Aquifer In Texas High Plains: A Contingent Valuation Approach," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196921, Southern Agricultural Economics Association.
    5. Stennek, J., 1995. "Consumer's Welfare and Change in Stochatstic Partial- Equilibrium Price," Papers 9572, Tilburg - Center for Economic Research.
    6. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
    7. Laird, James & Geurs, Karst & Nash, Chris, 2009. "Option and non-use values and rail project appraisal," Transport Policy, Elsevier, vol. 16(4), pages 173-182, August.
    8. Olsen, Graeme, 1975. "Option Value," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 19(03), December.
    9. Coggins, Jay S. & Ramezani, Cyrus A., 1996. "AN ARBITRAGE-FREE APPROACH TO QUASI-OPTION VALUE; Proceedings of the Fifth Joint Conference on Agriculture, Food, and the Environment, June 17-18, 1996, Padova, Italy," Working Papers 14469, University of Minnesota, Center for International Food and Agricultural Policy.
    10. Catherine Kling, 1993. "An assessment of the empirical magnitude of option values for environment goods," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(5), pages 471-485, October.
    11. Gérard Mondello, 2012. "Ambiguity, Agency Relationships and Adverse Selection," Post-Print halshs-00929978, HAL.
    12. Charles Blackorby & David Donaldson & John A. Weymark, 2006. "Hicksian Surplus Measures of Individual Welfare Change When There is Price and Income Uncertainty," Vanderbilt University Department of Economics Working Papers 0618, Vanderbilt University Department of Economics.
    13. Stennek, Johan, 1999. "The expected consumer's surplus as a welfare measure," Journal of Public Economics, Elsevier, vol. 73(2), pages 265-288, August.
    14. Smith, William & Son, Young Seob, 2005. "Can the desire to conserve our natural resources be self-defeating?," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 52-67, January.
    15. Hanemann, W. Michael, 1984. "On Reconciling Different Concepts of Option Value," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt81w7290x, Department of Agricultural & Resource Economics, UC Berkeley.
    16. Graham-Tomasi, Theodore & Myers, Robert J., 1989. "On Supply Side Option Value," Staff Papers 13341, University of Minnesota, Department of Applied Economics.
    17. Coggins, Jay S. & Ramezani, Cyrus A., 1998. "An Arbitrage-Free Approach to Quasi-Option Value," Journal of Environmental Economics and Management, Elsevier, vol. 35(2), pages 103-125, March.
    18. Chichilnisky, Graciela & Beltratti, Andrea & Heal, Geoffrey, 1998. "Uncertain future preferences and conservation," MPRA Paper 7912, University Library of Munich, Germany.
    19. David P. Baron, 1978. "Price Regulation, Quality, and Asymmetric Information," Discussion Papers 359, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    20. David A. Graham, 1977. "Cost-Benefit Analysis Under Uncertainty," NBER Working Papers 0194, National Bureau of Economic Research, Inc.
    21. Asafu-Adjaye, John & Adamowicz, Wiktor & Phillips, William, 1989. "Nonmarket Valuation under Uncertainty," Staff Paper Series 232438, University of Alberta, Department of Resource Economics and Environmental Sociology.

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