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Time series analysis of a principal-agent model to assess risk shifting in agricultural marketing channels : an application to the Dutch ware potato marketing channel
Kuwornu, John K. M.; Kuiper, W. Erno; Pennings, Joost M. E. - In: Role of institutions in rural policies and agricultural …, (pp. 255-271). 2004
Persistent link: https://www.econbiz.de/10002759577
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Agency problem and hedging in agri-food chains : model and application
Kuwornu, John K. M.; Kuiper, W. Erno; Pennings, Joost M. E. - In: Journal of marketing channels : ... distribution … 16 (2009) 3, pp. 265-289
Persistent link: https://www.econbiz.de/10003871910
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Time-varying hedge ratios : a principal-agent approach
Kuwornu, John K. M.; Kuiper, W. Erno; Pennings, Joost M. E. - In: Journal of agricultural economics 56 (2005) 3, pp. 417-432
Persistent link: https://www.econbiz.de/10003304753
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Risk management using futures contracts : the impact of spot market contracts and production horizons on the optimal hedge ratio
Kuwornu, John K. M.; Kuiper, W. Erno; Pennings, Joost M. E. - In: Trust and risk in business networks : proceedings of …, (pp. 341-350). 2006
Persistent link: https://www.econbiz.de/10003655812
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Strategic interaction, risks and coordination costs in food marketing channels : the mediating role of futures markets
Kuwornu, John K. M.; Kuiper, W. Erno; Pennings, Joost M. E. - In: Trust and risk in business networks : proceedings of …, (pp. 551-564). 2006
Persistent link: https://www.econbiz.de/10003656286
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Time-varying Hedge Ratios: A Principal-agent Approach
Kuwornu, John K. M.; Kuiper, W. Erno; Pennings, Joost M. E. - In: Journal of Agricultural Economics 56 (2005) 3, pp. 417-432
We use the classic agency model to derive a time-varying optimal hedge ratio for low-frequency time-series data: the type of data used by crop farmers when deciding about production and about their hedging strategy. Rooted in the classic agency framework, the proposed hedge ratio reflects the...
Persistent link: https://www.econbiz.de/10005218554