| Título: | TESTING FOR RISK PREMIUMS IN THE WHEAT-FLOUR SUBSECTOR |
| Autores: |
Cotterill, Ronald W. Salih, Hachim M. |
| Fecha: |
2011-09-30 2011-09-30 1992-09 |
| Publicador: | AgEcon |
| Fuente: |
 |
| Tipo: | Working or Discussion Paper |
| Tema: |
Crop Production/Industries Risk and Uncertainty |
| Descripción: | This paper specifies a model of wholesale flour price determination that incorporates risk measures for input prices (wheat) and a joint output price (millfeed). Tests using daily price data for a Buffalo flour miller indicate that risk premiums do exist. Moreover, these premiums persist in a model that incorporates hedging. |
| Idioma: | en |
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