The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia
- Author
- Kindie Getnet, Wim Verbeke (UGent) , Marijke D'Haese (UGent) , Jacques Viaene (UGent) and Luc D'Haese (UGent)
- Organization
- Abstract
- Farmers use different information to predict future returns upon which they base current decisions. In designing information systems, knowledge about the information set used by farmers is relevant to have insight into the necessary information that should be made available for farmers. Using quasirational forecasting regression analysis to represent producer price expectation formation, the usefulness of disseminating real time information about the central wholesale prices discovered by the Ethiopian commodity exchange was tested. The results showed that the information about central wholesale prices can help farmers to make unbiased price forecasts. Effective dissemination of real time price information discovered through the Ethiopian commodity exchange was fully supported by the empirical insights from this study.
- Keywords
- prices, Market information, quasi-rational expectation, smallholders, Ethiopia, MARKET INTEGRATION, LIBERALIZATION, OPPORTUNITIES, AFRICA, CHALLENGES, MODELS, MALAWI, POLICY, KENYA, GHANA
Downloads
-
Afr J Agr Res Getnet et al 2011.pdf
- full text
- |
- open access
- |
- |
- 130.14 KB
Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-1987374
- MLA
- Getnet, Kindie, et al. “The Farm Decision Role of Price Information from Commodity Exchanges: An Ex-Ante Evaluation Using Quasi-Rational Price Expectations in Ethiopia.” AFRICAN JOURNAL OF AGRICULTURAL RESEARCH, vol. 6, no. 15, 2011, pp. 3610–18.
- APA
- Getnet, K., Verbeke, W., D’Haese, M., Viaene, J., & D’Haese, L. (2011). The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia. AFRICAN JOURNAL OF AGRICULTURAL RESEARCH, 6(15), 3610–3618.
- Chicago author-date
- Getnet, Kindie, Wim Verbeke, Marijke D’Haese, Jacques Viaene, and Luc D’Haese. 2011. “The Farm Decision Role of Price Information from Commodity Exchanges: An Ex-Ante Evaluation Using Quasi-Rational Price Expectations in Ethiopia.” AFRICAN JOURNAL OF AGRICULTURAL RESEARCH 6 (15): 3610–18.
- Chicago author-date (all authors)
- Getnet, Kindie, Wim Verbeke, Marijke D’Haese, Jacques Viaene, and Luc D’Haese. 2011. “The Farm Decision Role of Price Information from Commodity Exchanges: An Ex-Ante Evaluation Using Quasi-Rational Price Expectations in Ethiopia.” AFRICAN JOURNAL OF AGRICULTURAL RESEARCH 6 (15): 3610–3618.
- Vancouver
- 1.Getnet K, Verbeke W, D’Haese M, Viaene J, D’Haese L. The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia. AFRICAN JOURNAL OF AGRICULTURAL RESEARCH. 2011;6(15):3610–8.
- IEEE
- [1]K. Getnet, W. Verbeke, M. D’Haese, J. Viaene, and L. D’Haese, “The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia,” AFRICAN JOURNAL OF AGRICULTURAL RESEARCH, vol. 6, no. 15, pp. 3610–3618, 2011.
@article{1987374,
abstract = {{Farmers use different information to predict future returns upon which they base current decisions. In designing information systems, knowledge about the information set used by farmers is relevant to have insight into the necessary information that should be made available for farmers. Using quasirational forecasting regression analysis to represent producer price expectation formation, the usefulness of disseminating real time information about the central wholesale prices discovered by the Ethiopian commodity exchange was tested. The results showed that the information about central wholesale prices can help farmers to make unbiased price forecasts. Effective dissemination of real time price information discovered through the Ethiopian commodity exchange was fully supported by the empirical insights from this study.}},
author = {{Getnet, Kindie and Verbeke, Wim and D'Haese, Marijke and Viaene, Jacques and D'Haese, Luc}},
issn = {{1991-637X}},
journal = {{AFRICAN JOURNAL OF AGRICULTURAL RESEARCH}},
keywords = {{prices,Market information,quasi-rational expectation,smallholders,Ethiopia,MARKET INTEGRATION,LIBERALIZATION,OPPORTUNITIES,AFRICA,CHALLENGES,MODELS,MALAWI,POLICY,KENYA,GHANA}},
language = {{eng}},
number = {{15}},
pages = {{3610--3618}},
title = {{The farm decision role of price information from commodity exchanges: an ex-ante evaluation using quasi-rational price expectations in Ethiopia}},
volume = {{6}},
year = {{2011}},
}