Theory of the Firm with Joint Price and Output Risk and a Forward Market
Expected utility maximizing farmers facing just price risk or both price risk and quantity risk behave similarly in the absence of a forward market. If forward contracting is possible, that is not true because variation in the commodity price affects a farmer's wealth through the value of his f...
| Veröffentlicht in: | American Journal of Agricultural Economics. - Oxford University Press. - 67(1985), 3, Seite 630-635 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
1985
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| Zugriff auf das übergeordnete Werk: | American Journal of Agricultural Economics |
| Schlagworte: | forward markets futures markets risk theory of the firm uncertainty Economics Business Biological sciences Mathematics |