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Social Returns To Public Information Services: The Case Of Statistical Reporting Of U.S. Farm Commodities


  • Hayami, Yujiro
  • Peterson, Willis L.


The collection and reporting of information bearing upon decision making in both the public and private sectors are considered to be important functions of government. In this study, we attempt to develop a theoretical framework for estimating the social returns to government expenditures on such public information services.

Suggested Citation

  • Hayami, Yujiro & Peterson, Willis L., 1970. "Social Returns To Public Information Services: The Case Of Statistical Reporting Of U.S. Farm Commodities," Staff Papers 13711, University of Minnesota, Department of Applied Economics.
  • Handle: RePEc:ags:umaesp:13711

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    References listed on IDEAS

    1. Donald, James R. & Lowenstein, Frank & Simon, Martin S., 1963. "The Demand for Textile Fibers in the United States," Technical Bulletins 171153, United States Department of Agriculture, Economic Research Service.
    2. Herbert L. Lyon & Julian L. Simon, 1968. "Price Elasticity of the Demand for Cigarettes in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(4), pages 888-895.
    3. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66, pages 419-419.
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    Public Economics;


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