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文章基本信息

  • 标题:Price Pooling and the Gains from Hedging: Application to a Swedish Grain Cooperative
  • 本地全文:下载
  • 作者:Johnson, D. Demcey ; Nilsson, Tomas K.H. ; Andersson, Hans
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2001
  • 期号:SUPPL
  • 出版社:Food Distribution Research Society
  • 摘要:Optimal hedging strategies are analyzed for a cooperative operating a price pooling system in thepresence of price and quantity risk. A three-period model, accounting for default risk and storage,is developed. Hedging allows the cooperative to increase the pool price offered to the farmers by2.8 - 4% for moderate risk parameters.
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