This work deals with methodological and empirical issues related to multiperiod optimal hedging OLS estimators. We propose an analytical formula for the multiperiod minimum variance hedging ratio starting from the triangular representation of a cointegrated system DGP. Since estimating the hedge...

The prevalence of low income among agricultural households has long been known as the “farm problem”. Although revisited by a number of recent studies the farm problem is still one of the rationales of agricultural policies. We apply the Oaxaca decomposition to investigate how differences in...

The use by governments of their purchasing power to achieve social objectives is a practice that dates back to the 19th centuries when regulations were issued in both the USA and England establishing fair wages or maximum working hours per day for firms working under public contracts...