Data/hora: 12/06/2024 02:57:40

Provedor de dados: | 31
País: | United States
Título: | ALTERNATIVE MEASURES OF RISK IN COMMODITY SUPPLY MODELS: AN ANALYSIS OF SOW FARROWING DECISIONS IN THE UNITED STATES
Autores: | Holt,   Matthew T.; Moschini,   GianCarlo.
Data: | 2003-12-19
Ano: | 1992
Palavras-chave: | Demand and Price Analysis; Production Economics; Risk and Uncertainty.
Resumo: | The role of price risk in sow farrowings is investigated by using bivariate ARCH-M and GARCH-M models and a nonparametric kernel estimator. To account for the relevant time horizon of irreversible supply decisions, predictions for mean price and conditional price variance are iterated forward. The empirical results vary markedly in terms of their implications for risk response in hog supply decisions, with the ARCH-M and GARCH-M models suggesting a small and negative risk effect. Estimates of the marginal risk premium also indicate moderate and variable departures from marginal cost pricing in sow farrowing supply decisions.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

11533

http://purl.umn.edu/30737

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Resource Economics&gt;Volume 17, Number 01, July 1992

Formato:

12

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