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The Value Of Outlook Information In Post-Harvest Marketing Strategies

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  • Rister, M. Edward
  • Skees, Jerry R.

Abstract

This paper uses stochastic dominance theory to evaluate the use of market outlook information in the harvest decision to store or not store grain sorghum in the Coastal Bend region of southern Texas. Use of Pratt risk-aversion coefficients to identify various classes of decision makers lead to the conclusion that outlook information is valuable to a variety of decision makers.

Suggested Citation

  • Rister, M. Edward & Skees, Jerry R., 1982. "The Value Of Outlook Information In Post-Harvest Marketing Strategies," 1982 Annual Meeting, August 1-4, Logan, Utah 279431, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279431
    DOI: 10.22004/ag.econ.279431
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    References listed on IDEAS

    as
    1. Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
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    5. Robert P. King & Lindon J. Robison, 1981. "An Interval Approach to Measuring Decision Maker Preferences," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(3), pages 510-520.
    6. Shane, Ronald L. & Myer, Gordon L., 1980. "Profitability Of Alfalfa Hay Storage Using Probabilities: An Extension Approach," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(2), pages 1-6, December.
    7. V. Barnett, 1975. "Probability Plotting Methods and Order Statistics," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 24(1), pages 95-108, March.
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    Keywords

    Marketing; Risk and Uncertainty;

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