De Ville de Goyet, Cédric (contributor); … - 2007
14, C14.
Key words: hedging, futures market, average derivative estimates.
1 Introduction
Under the assumptions that … hedge ratio, has to be determined in some optimal way. The
conventional approach followed in much of the hedging literature … and Myers, 1991). Some authors, however, have incorporated both
risk and return in their hedging policy (see for example …