ON THE ROLE OF INFORMATION IN DECISION-MAKING - THE CASE OF SORGHUM YIELD IN BURKINA-FASO

被引:15
作者
CHAVAS, JP
KRISTJANSON, PM
MATLON, P
机构
[1] UNIV MAINE,ORONO,ME 04469
[2] INT CROPS RES INST SEMI ARID TROP,OUAGADOUGOU,BURKINA FASO
关键词
D O I
10.1016/0304-3878(91)90051-V
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper investigates the role of temporal uncertainty and information issues in economic decisions. It shows that the nature of the economic environment (e.g. the production technology) can influence the valuation of information, which in turns affects the choice functions. This is illustrated by an empirical application to yield response analysis in Burkina Faso. The paper stresses the importance of technology and information valuation in risk behavior. © 1991.
引用
收藏
页码:261 / 280
页数:20
相关论文
共 27 条
[1]  
[Anonymous], 1977, AGR DECISION ANAL
[2]  
[Anonymous], 1974, REV EC STUDIES
[3]  
Arrow K. J., 1965, ASPECTS THEORY RISK
[4]   ENVIRONMENTAL PRESERVATION, UNCERTAINTY, AND IRREVERSIBILITY [J].
ARROW, KJ ;
FISHER, AC .
QUARTERLY JOURNAL OF ECONOMICS, 1974, 88 (02) :312-319
[5]   VALUE OF FROST FORECASTING - BAYESIAN APPRAISAL [J].
BAQUET, AE ;
HALTER, AN ;
CONKLIN, FS .
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1976, 58 (03) :511-520
[6]   ATTITUDES TOWARD RISK - THEORETICAL IMPLICATIONS OF AN EXPERIMENT IN RURAL INDIA [J].
BINSWANGER, HP .
ECONOMIC JOURNAL, 1981, 91 (364) :867-890
[7]   VALUING INFORMATION WHEN RISK PREFERENCES ARE NONNEUTRAL - AN APPLICATION TO IRRIGATION SCHEDULING [J].
BOSCH, DJ ;
EIDMAN, VR .
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1987, 69 (03) :658-668
[8]  
Byerlee D., 1982, Review of Marketing and Agricultural Economics, V50, P231
[10]   CONSUMPTION DECISIONS UNDER UNCERTAINTY [J].
DREZE, JH ;
MODIGLIA.F .
JOURNAL OF ECONOMIC THEORY, 1972, 5 (03) :308-335