RISK AND HEDGING BEHAVIOR: THE ROLE AND DETERMINANTS OF LATENT HETEROGENEITY
โ Scribed by Joost M. E. Pennings; Philip Garcia
- Book ID
- 111215610
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 177 KB
- Volume
- 33
- Category
- Article
- ISSN
- 0270-2592
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abstract Multiple delivery specifications exist on nearly all commodity futures contracts. Sellers typically are allowed to deliver any of several grades of the underlying commodity and at any of several locations. On the delivery day, the futures price as such needs not converge to the spot pri
This study examines the impact of liquidity risk on the behavior of the competitive firm under price uncertainty in a dynamic two-period setting. The firm has access to unbiased one-period futures and option contracts in each period for hedging purposes. A liquidity constraint is imposed on the firm