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Project financing, entrepreneurial activity, and investment in the presence of asymmetric information

✍ Scribed by Amitrajeet A. Batabyal


Book ID
116761444
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
244 KB
Volume
23
Category
Article
ISSN
1062-9408

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Optimal Futures Hedging in the Presence
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his article examines the problem of hedging in futures markets when hedgers T and speculators possess different degrees of information about prices. Hedgers who (apriori) are less well informed than speculators have to cope with two levels of risk: a first level, which corresponds to the presence of