Hill, Ruth Vargas; Robles, Miguel; Ceballos, Francisco - International Food Policy Research Institute (IFPRI) - 2013
whether demand behaves as predicted with respect to price, the basis of the hedge, and risk aversion using data from a … randomized control trial in which price and basis risk was varied for a series of hedging products offered to farmers. We find … that demand behaves as predicted, with demand falling with price and basis risk, and appearing hump-shaped in risk aversion …