| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A Bayesian Implementation of the Standard Optimal Hedging Model: Parameter Estimation Risk and Subjective Views
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| Autores: |
Shi, Wei
Irwin, Scott H.
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| Data: |
2005-05-15
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| Ano: |
2005
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| Palavras-chave: |
Marketing
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| Resumo: |
We develop a Bayesian implementation of the standard optimal hedging model to analyze the impact of hedgers' subjective views on their hedging behavior. The results show the subjective views have a substantial impact on hedgers' optimal positions, explaining the large cross-sectional and time series variation of hedging positions in practice.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
16221
http://purl.umn.edu/19155
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| Editor: |
AgEcon Search
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| Relação: |
American Agricultural Economics Association>2005 Annual meeting, July 24-27, Providence, RI
Selected Paper 136772
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| Formato: |
24
application/pdf
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