Hedging and crop insurance
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Geoffrey Poitras
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Article
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1993
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John Wiley and Sons
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English
โ 963 KB
raditional treatments of T et. al. (1988), Myers ( 3 the optimal hedging problem, e.g., Rolfo (1980), Cecchetti 991), ignore the possibility that the optimizing trader can use hedging instruments other than futures. This distinction is particularly important in cases where the precise amount to be h