Producer Attitudes Toward Output Price Risk: Experimental Evidence from the Lab and from the Field

2020 ◽  
Vol 102 (3) ◽  
pp. 806-825 ◽  
Author(s):  
Marc F. Bellemare ◽  
Yu Na Lee ◽  
David R. Just
2017 ◽  
Vol 29 ◽  
pp. 23-36
Author(s):  
David Bouras ◽  
◽  
Ogugua Anunoby ◽  
Otabek Saitakhunov ◽  
◽  
...  

Author(s):  
Oyakhilomen Oyinbo ◽  
Jordan Chamberlin ◽  
Tahirou Abdoulaye ◽  
Miet Maertens

1989 ◽  
Vol 18 (2) ◽  
pp. 103-108 ◽  
Author(s):  
Yir-Hueih Luh ◽  
Spiro E. Stefanou

The model of production decision making for the expected utility maximizing firm under output price uncertainty is applied to a panel Pennsylvania dairy operators. The model generalized duality implemented in this paper has the advantage of generating a system of supply and variable factor demand functions that consistently account for the presence of output price risk. The application to Pennsylvania dairy operators indicates that output price risk measured by the second and third moments of individual operators’ historical output price series is not an important factor in production decision making. In addition to not maximizing expected utility, these operators are not expected profit maximizers.


2003 ◽  
Vol 35 (3) ◽  
pp. 510-516 ◽  
Author(s):  
Jason R.V. Franken ◽  
Joe L. Parcell

Increased use of alternative fuels and low commodity prices have contributed to the recent expansion of the U.S. ethanol industry. As with any competitive industry, some level of output price risk exists in the form of volatility; yet, no actively traded ethanol futures market exists to mitigate output price risk. This study reports estimated minimum variance cross-hedge ratios between Detroit spot cash ethanol and the New York Mercantile Exchange unleaded gasoline futures for 1-, 4-, 8-, 12-, 16-, 20-, 24-, and 28-week hedge horizons. The research suggests that a one-to-one cross-hedge ratio is not appropriate for some horizons.


1991 ◽  
Vol 23 (2) ◽  
pp. 29-38 ◽  
Author(s):  
William Branch ◽  
Daniel S. Tilley

AbstractHarvest response to production and asymmetric price risk was analyzed using an ordinary least squares model. Statistically significant responses to production-quality and output price risk were indicated. Results suggest that alternative pricing strategies designed to reduce risk may alter harvest response and decrease month to month harvest variability.


2019 ◽  
Vol 42 ◽  
Author(s):  
Olya Hakobyan ◽  
Sen Cheng

Abstract We fully support dissociating the subjective experience from the memory contents in recognition memory, as Bastin et al. posit in the target article. However, having two generic memory modules with qualitatively different functions is not mandatory and is in fact inconsistent with experimental evidence. We propose that quantitative differences in the properties of the memory modules can account for the apparent dissociation of recollection and familiarity along anatomical lines.


1997 ◽  
Vol 161 ◽  
pp. 437-442
Author(s):  
Salvatore Di Bernardo ◽  
Romana Fato ◽  
Giorgio Lenaz

AbstractOne of the peculiar aspects of living systems is the production and conservation of energy. This aspect is provided by specialized organelles, such as the mitochondria and chloroplasts, in developed living organisms. In primordial systems lacking specialized enzymatic complexes the energy supply was probably bound to the generation and maintenance of an asymmetric distribution of charged molecules in compartmentalized systems. On the basis of experimental evidence, we suggest that lipophilic quinones were involved in the generation of this asymmetrical distribution of charges through vectorial redox reactions across lipid membranes.


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