Data/hora: 12/06/2024 10:29:06

Provedor de dados: | 31
País: | United States
Título: | PERFECT CROSS-HEDGING OPPORTUNITIES VIA FORMULA PRICING: THE CASE OF THE BROILER INDUSTRY
Autores: | Carter,   Joy; Maynard,   Leigh J.; Dillon,   Carl R.
Data: | 2000-05-03
Ano: | 2000
Palavras-chave: | Demand and Price Analysis; Livestock Production/Industries; Marketing.
Resumo: | One supplier of broilers without giblets (WOGs) offers customers a choice between paying Urner Barry's WOG quote or a formula price based on futures prices.  From a buyer's perspective, the formula price is second-degree stochastic dominant, thus acting a marketing inducement.  The formula price allows the seller to set almost perfect cross-hedges of WOGs with corn and soymeal.  Stochastic dominance results suggested that the seller's dominant strategy would shift from the unhedged Urner Barry quote to the unhedged formula price as risk aversion increased.  The hedged formula price was prominent in optimal portfolios of pricing strategies.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês

Identificador:

1935

http://purl.umn.edu/21765

Editor: | AgEcon Search

Relação:

American Agricultural Economics Association&gt;2000 Annual meeting, July 30-August 2, Tampa, FL

Selected Paper

Formato:

26

application/pdf