Eintrag weiter verarbeiten
Toward a Positive Economic Theory of Hedging
Gespeichert in:
| Zeitschriftentitel: | American Journal of Agricultural Economics |
|---|---|
| Personen und Körperschaften: | |
| In: | American Journal of Agricultural Economics, 79, 1997, 2, S. 488-499 |
| Format: | E-Article |
| Sprache: | Englisch |
| veröffentlicht: |
Wiley
|
| Schlagwörter: |
| author_facet |
Collins, Robert A. Collins, Robert A. |
|---|---|
| author |
Collins, Robert A. |
| spellingShingle |
Collins, Robert A. American Journal of Agricultural Economics Toward a Positive Economic Theory of Hedging Economics and Econometrics Agricultural and Biological Sciences (miscellaneous) |
| author_sort |
collins, robert a. |
| spelling |
Collins, Robert A. 0002-9092 1467-8276 Wiley Economics and Econometrics Agricultural and Biological Sciences (miscellaneous) http://dx.doi.org/10.2307/1244146 <jats:title>Abstract</jats:title><jats:p>The hedging models developed over the last half century are evaluated for their ability to explain the actual hedging behavior of the various economic agents. This evaluation shows a total lack of a reasonable positive model of hedging behavior. While each class of existing models predicts some observed behavior, none is able to predict the broad range of actions that is easily observed in the real world. In this paper I develop such a model and include a plausible and coldly rational economic explanation for why farmers don't hedge at all while merchandisers with identical risk attitudes will fully hedge.</jats:p> Toward a Positive Economic Theory of Hedging American Journal of Agricultural Economics |
| doi_str_mv |
10.2307/1244146 |
| facet_avail |
Online Free |
| finc_class_facet |
Wirtschaftswissenschaften Land- und Forstwirtschaft, Gartenbau, Fischereiwirtschaft, Hauswirtschaft |
| format |
ElectronicArticle |
| fullrecord |
blob:ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjMwNy8xMjQ0MTQ2 |
| id |
ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjMwNy8xMjQ0MTQ2 |
| institution |
DE-Ch1 DE-L229 DE-D275 DE-Bn3 DE-Brt1 DE-Zwi2 DE-D161 DE-Gla1 DE-Zi4 DE-15 DE-Pl11 DE-Rs1 DE-105 DE-14 |
| imprint |
Wiley, 1997 |
| imprint_str_mv |
Wiley, 1997 |
| issn |
0002-9092 1467-8276 |
| issn_str_mv |
0002-9092 1467-8276 |
| language |
English |
| mega_collection |
Wiley (CrossRef) |
| match_str |
collins1997towardapositiveeconomictheoryofhedging |
| publishDateSort |
1997 |
| publisher |
Wiley |
| recordtype |
ai |
| record_format |
ai |
| series |
American Journal of Agricultural Economics |
| source_id |
49 |
| title |
Toward a Positive Economic Theory of Hedging |
| title_unstemmed |
Toward a Positive Economic Theory of Hedging |
| title_full |
Toward a Positive Economic Theory of Hedging |
| title_fullStr |
Toward a Positive Economic Theory of Hedging |
| title_full_unstemmed |
Toward a Positive Economic Theory of Hedging |
| title_short |
Toward a Positive Economic Theory of Hedging |
| title_sort |
toward a positive economic theory of hedging |
| topic |
Economics and Econometrics Agricultural and Biological Sciences (miscellaneous) |
| url |
http://dx.doi.org/10.2307/1244146 |
| publishDate |
1997 |
| physical |
488-499 |
| description |
<jats:title>Abstract</jats:title><jats:p>The hedging models developed over the last half century are evaluated for their ability to explain the actual hedging behavior of the various economic agents. This evaluation shows a total lack of a reasonable positive model of hedging behavior. While each class of existing models predicts some observed behavior, none is able to predict the broad range of actions that is easily observed in the real world. In this paper I develop such a model and include a plausible and coldly rational economic explanation for why farmers don't hedge at all while merchandisers with identical risk attitudes will fully hedge.</jats:p> |
| container_issue |
2 |
| container_start_page |
488 |
| container_title |
American Journal of Agricultural Economics |
| container_volume |
79 |
| format_de105 |
Article, E-Article |
| format_de14 |
Article, E-Article |
| format_de15 |
Article, E-Article |
| format_de520 |
Article, E-Article |
| format_de540 |
Article, E-Article |
| format_dech1 |
Article, E-Article |
| format_ded117 |
Article, E-Article |
| format_degla1 |
E-Article |
| format_del152 |
Buch |
| format_del189 |
Article, E-Article |
| format_dezi4 |
Article |
| format_dezwi2 |
Article, E-Article |
| format_finc |
Article, E-Article |
| format_nrw |
Article, E-Article |
| _version_ |
1792339737850150914 |
| geogr_code |
not assigned |
| last_indexed |
2024-03-01T15:52:51.186Z |
| geogr_code_person |
not assigned |
| openURL |
url_ver=Z39.88-2004&ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fvufind.svn.sourceforge.net%3Agenerator&rft.title=Toward+a+Positive+Economic+Theory+of+Hedging&rft.date=1997-05-01&genre=article&issn=1467-8276&volume=79&issue=2&spage=488&epage=499&pages=488-499&jtitle=American+Journal+of+Agricultural+Economics&atitle=Toward+a+Positive+Economic+Theory+of+Hedging&aulast=Collins&aufirst=Robert+A.&rft_id=info%3Adoi%2F10.2307%2F1244146&rft.language%5B0%5D=eng |
| SOLR | |
| _version_ | 1792339737850150914 |
| author | Collins, Robert A. |
| author_facet | Collins, Robert A., Collins, Robert A. |
| author_sort | collins, robert a. |
| container_issue | 2 |
| container_start_page | 488 |
| container_title | American Journal of Agricultural Economics |
| container_volume | 79 |
| description | <jats:title>Abstract</jats:title><jats:p>The hedging models developed over the last half century are evaluated for their ability to explain the actual hedging behavior of the various economic agents. This evaluation shows a total lack of a reasonable positive model of hedging behavior. While each class of existing models predicts some observed behavior, none is able to predict the broad range of actions that is easily observed in the real world. In this paper I develop such a model and include a plausible and coldly rational economic explanation for why farmers don't hedge at all while merchandisers with identical risk attitudes will fully hedge.</jats:p> |
| doi_str_mv | 10.2307/1244146 |
| facet_avail | Online, Free |
| finc_class_facet | Wirtschaftswissenschaften, Land- und Forstwirtschaft, Gartenbau, Fischereiwirtschaft, Hauswirtschaft |
| format | ElectronicArticle |
| format_de105 | Article, E-Article |
| format_de14 | Article, E-Article |
| format_de15 | Article, E-Article |
| format_de520 | Article, E-Article |
| format_de540 | Article, E-Article |
| format_dech1 | Article, E-Article |
| format_ded117 | Article, E-Article |
| format_degla1 | E-Article |
| format_del152 | Buch |
| format_del189 | Article, E-Article |
| format_dezi4 | Article |
| format_dezwi2 | Article, E-Article |
| format_finc | Article, E-Article |
| format_nrw | Article, E-Article |
| geogr_code | not assigned |
| geogr_code_person | not assigned |
| id | ai-49-aHR0cDovL2R4LmRvaS5vcmcvMTAuMjMwNy8xMjQ0MTQ2 |
| imprint | Wiley, 1997 |
| imprint_str_mv | Wiley, 1997 |
| institution | DE-Ch1, DE-L229, DE-D275, DE-Bn3, DE-Brt1, DE-Zwi2, DE-D161, DE-Gla1, DE-Zi4, DE-15, DE-Pl11, DE-Rs1, DE-105, DE-14 |
| issn | 0002-9092, 1467-8276 |
| issn_str_mv | 0002-9092, 1467-8276 |
| language | English |
| last_indexed | 2024-03-01T15:52:51.186Z |
| match_str | collins1997towardapositiveeconomictheoryofhedging |
| mega_collection | Wiley (CrossRef) |
| physical | 488-499 |
| publishDate | 1997 |
| publishDateSort | 1997 |
| publisher | Wiley |
| record_format | ai |
| recordtype | ai |
| series | American Journal of Agricultural Economics |
| source_id | 49 |
| spelling | Collins, Robert A. 0002-9092 1467-8276 Wiley Economics and Econometrics Agricultural and Biological Sciences (miscellaneous) http://dx.doi.org/10.2307/1244146 <jats:title>Abstract</jats:title><jats:p>The hedging models developed over the last half century are evaluated for their ability to explain the actual hedging behavior of the various economic agents. This evaluation shows a total lack of a reasonable positive model of hedging behavior. While each class of existing models predicts some observed behavior, none is able to predict the broad range of actions that is easily observed in the real world. In this paper I develop such a model and include a plausible and coldly rational economic explanation for why farmers don't hedge at all while merchandisers with identical risk attitudes will fully hedge.</jats:p> Toward a Positive Economic Theory of Hedging American Journal of Agricultural Economics |
| spellingShingle | Collins, Robert A., American Journal of Agricultural Economics, Toward a Positive Economic Theory of Hedging, Economics and Econometrics, Agricultural and Biological Sciences (miscellaneous) |
| title | Toward a Positive Economic Theory of Hedging |
| title_full | Toward a Positive Economic Theory of Hedging |
| title_fullStr | Toward a Positive Economic Theory of Hedging |
| title_full_unstemmed | Toward a Positive Economic Theory of Hedging |
| title_short | Toward a Positive Economic Theory of Hedging |
| title_sort | toward a positive economic theory of hedging |
| title_unstemmed | Toward a Positive Economic Theory of Hedging |
| topic | Economics and Econometrics, Agricultural and Biological Sciences (miscellaneous) |
| url | http://dx.doi.org/10.2307/1244146 |