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Effects of expected cash and futures prices on hedging and production: Comments and extensions

✍ Scribed by Ardeshir J. Dalal; Bala G. Arshanapalli

Publisher
John Wiley and Sons
Year
1989
Tongue
English
Weight
569 KB
Volume
9
Category
Article
ISSN
0270-7314

No coin nor oath required. For personal study only.

✦ Synopsis

This interpretation may be found in any standard microeconomics text, e . g . , see Silberberg (1978, *See Chiang (1984, pp. 738-740). Strict concavity of EU(rr) in X and Z is ensured if F ( X ) is concave and pp. 179-189). risk-aversion exists (U" < 0). Concavity of the constraint is of course guaranteed by the concavity of F ( X ) .

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