A THEORETICAL AND EMPIRICAL APPROACH TO THE VALUE OF INFORMATION IN RISKY MARKETS
利用价格不确定下的竞争企业理论，构建了生产者对额外信息支付意愿的货币度量，并将其扩展到市场层面，形成理性预期预测的事前和事后价值度量，最后通过一个简单的农业市场两方程模型展示了这些度量的实证可行性。
The theory of the competitive firm under price uncertainty is used to develop a money metric of a producer's willingness to pay for additional information. This concept is extended to the market by formulating ex-ante and ex-post measures of the value of a rational expectations forecast. The empirical feasibility of these measures are demonstrated by application to a simple two equation model of an agricultural market.