## Abstract Assume that the spot price has a skew‐normal distribution. This study investigates the effect of skewness on optimal production and hedging decisions. It is shown that skewness has no effect on the optimal production level but induces the firm to become more active in futures trading. ©
Skew-symmetric distributions generated by the distribution function of the normal distribution
✍ Scribed by Héctor W. Gómez; Osvaldo Venegas; Heleno Bolfarine
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 330 KB
- Volume
- 18
- Category
- Article
- ISSN
- 1180-4009
- DOI
- 10.1002/env.817
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