HEDGING AND PRODUCTION DECISIONS UNDER A LINEAR MEAN-VARIANCE PREFERENCE FUNCTION
Chavas, Jean-Paul; Pope, Rulon D.
1982

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Abstract

A firm model of production and hedging decisions is developed using a mean-variance preference function. Comparative static analysis of the model generates a number of testable hypotheses. For example, the influence of price risk, production risk and hedging cost on the optimal level of production and hedging is analyzed in the framework.

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Title HEDGING AND PRODUCTION DECISIONS UNDER A LINEAR MEAN-VARIANCE PREFERENCE FUNCTION
Author(s) Chavas, Jean-Paul
Pope, Rulon D.
Subject(s)
Issue Date 1982-07
Publication Type Journal Article
DOI and Other Identifiers 10.22004/ag.econ.32422
Record Identifier https://ageconsearch.umn.edu/record/32422
PURL Identifier http://purl.umn.edu/32422
Language English
Published in Western Journal of Agricultural Economics
Volume 07
Issue 1
Page Range 99 - 110
Total Pages 12
Record Appears in Western Agricultural Economics Association (WAEA) > Western Journal of Agricultural Economics

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