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	Provedor de dados AgEcon (1) Autor Dorfman, Jeffrey H. (1) Rahman, Shaikh Mahfuzur (1) Turner, Steven C. (1) Palavra-chave Bayesian decision science (1) Cottonseed (1) Crop Production/Industries (1) Cross-hedging (1) Risk management (1) Tipo do documento Journal Article (1) Ano 2004 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última A Bayesian Approach to Optimal Cross-Hedging of Cottonseed Products Using Soybean Complex Futures AgEcon Rahman, Shaikh Mahfuzur; Dorfman, Jeffrey H.; Turner, Steven C.. Cottonseed crushers face substantial risk in terms of input and output price variability and they are limited in their planning by the lack of a viable futures contract for cottonseed or cottonseed products. This study examines the feasibility of cross-hedging cottonseed products using the soybean complex futures. Different cross-hedging strategies are evaluated for eight time horizons relative to the expected profit and utility of the crusher. A Bayesian approach is employed to estimate both model parameters and optimal hedge ratios, allowing consistency with expected utility maximization in the presence of estimation risk. The results reveal that both whole cottonseed and cottonseed products can be successfully cross-hedged using soybean complex futures.... Tipo: Journal Article Palavras-chave: Bayesian decision science; Cottonseed; Cross-hedging; Risk management; Crop Production/Industries. Ano: 2004 URL: http://purl.umn.edu/31114 Registros recuperados: 1 Primeira ... 1 ... Última

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