Eeckhoudt, Louis R. (contributor); Thomas, Alban (contributor) - 2005
Abstract
This paper considers a risk-neutral agricultural producer who faces
two correlated risks: a risk on the level of … output and a risk on the price
of the output. It shows a case in which the value of information about
the risk on output … theoretical or applied - has
been mostly developed under the assumption that the decision-maker faces
a single source of risk.
In …