Ahmedov, Zafarbek; Woodard, Joshua D. - Agricultural and Applied Economics Association - AAEA - 2012
In this study stylized gasoline blender’s optimal hedging strategy in the presence of ethanol mandates is analyzed. In … criterion as a measure of downside risk is utilized in obtaining the optimal hedge ratios. Based on the obtained results, the … Renewable Identification Number purchases do not reduce risk, hence, is not a good risk management tool in the presence of …