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Immiserizing growth in a many-commodity setting

✍ Scribed by Tatsuo Hatta

Book ID
115979267
Publisher
Elsevier Science
Year
1984
Tongue
English
Weight
520 KB
Volume
17
Category
Article
ISSN
0022-1996

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## Abstract This study analyzes the problem of multi‐commodity hedging from the downside risk perspective. The lower partial moments (LPM~2~)‐minimizing hedge ratios for the stylized hedging problem of a typical Texas panhandle feedlot operator are calculated and compared with hedge ratios implied