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A Bayesian Implementation of the Standard Optimal Hedging Model: Parameter Estimation Risk and Subjective Views
Shi, Wei; Irwin, Scott H. - Agricultural and Applied Economics Association - AAEA - 2005
We develop a Bayesian implementation of the standard optimal hedging model to analyze the impact of hedgers' subjective views on their hedging behavior. The results show the subjective views have a substantial impact on hedgers' optimal positions, explaining the large cross-sectional and time...
Persistent link: https://www.econbiz.de/10005803302
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Efficient Portfolios of Market Advisory Services: An Application of Shrinkage Estimators
Cabrini, Silvina M.; Irwin, Scott H.; Good, Darrel L. - Agricultural and Applied Economics Association - AAEA - 2005
program's marketing recommendations and the average price/revenue offered by the market along the marketing window. The … portfolios of advisory programs. Results suggest that farmers can benefit from following the marketing recommendations of …
Persistent link: https://www.econbiz.de/10005039110
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The Impact of Market Advisory Service Recommendations on Producers' Marketing Decisions
Pennings, Joost M.E.; Isengildina, Olga; Irwin, Scott H.; … - In: Journal of Agricultural and Resource Economics 29 (2004) 02
producers' marketing philosophy, are important factors explaining the impact of MAS recommendations. Risk attitude does not …' marketing decisions …
Persistent link: https://www.econbiz.de/10005484176
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The Value of USDA Situation and Outlook Information in Hog and Cattle Markets
Good, Darrel L.; Irwin, Scott H.; Isengildina, Olga - In: Journal of Agricultural and Resource Economics 31 (2006) 02
This study investigates the impact of six major USDA reports in hog and cattle markets: Cattle; Cattle on Feed; Cold Storage; Hogs and Pigs; Livestock, Dairy, and Poultry Outlook (LDPO); and World Agricultural Supply and Demand Estimates (WASDE). A TARCH-in-mean model, with dummy variables to measure...
Persistent link: https://www.econbiz.de/10005525445