학술논문
The Effects of Alternative Producer Risk Specification and Information on Elevator Quality Discounts for Wheat
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- 영문명
- 발행기관
- 한국농업경제학회
- 저자명
- Seung jee Hong Brian D. Adam
- 간행물 정보
- 『농업경제연구』42권 4호, 51~75쪽, 전체 25쪽
- 주제분류
- 경제경영 > 경제학
- 파일형태
- 발행일자
- 2001.12.30
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국문 초록
영문 초록
This Study attempts to explain why more wheat elevators were not becoming early adopters by paying quality-adjusted prices. Since inconsistencies have been observed between expected utility and individuals` behavior, this research considers the case where producers` preferences can be more appropriately modeled by prospect theory, and whether such preferences can explain more of elevators` reluctance to pay quality-adjusted prices. A simulation model is used to measure the effects of risk-averse producers (in both expected utility and prospect theory frameworks) and limited quality information on profits that can be earned by an elevator that pays quality-adjusted prices. Results indicate that prospect theory helps to explain part, but not all, of the reluctance to pay quality-adjusted prices.
목차
ABSTRACT
Ⅰ. Introduction
Ⅱ. Conceptual Framework
Ⅲ. Results
Ⅳ. Conclusions
References
해당간행물 수록 논문
- Changes of Rural Households Economy in Mekong Delta under Doi Moi in Vietnam
- The Effects of Alternative Producer Risk Specification and Information on Elevator Quality Discounts for Wheat
- Effects of Policymaker s Welfare Preferences toward Interest Groups on Optimal Public Storage Rules : Analytical Approach in a Two-Period Model
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