Consider a simple two-state risk with equal probabilities for the two states. In particular, assume that the random … way, we can extend and generalize existing results about risk attitudes. This lottery preference includes behavior … exhibiting higher order risk effects, such as precautionary effects and tempering effects. …

uncertainty and hedging opportunities. Market transparency is modeled by means of the informational content of publicly observable …

. For example, the nature of monotonicity of the indifference curve depends on the underlying mean. Price hedging decisions … hedging decisions within the prospect theory. We illustrate our general considerations with a thoroughly worked out example. …

This paper studies the impact of counter-party default risk of forward contracts on a firm's production and hedging … decisions. Using a model of a risk-averse competitive firm under price uncertainty, it derives several fundamental results. If … expected profits from forward contracts are zero, the hedge ratio is surprisingly not affected by default risk under general …

this uncertainty cost? Is there a hedging strategy that decision makers can adopt to cope with delayed action and uncertain … costs of ambitious climate policies. They also indicate that there is an effective hedging strategy that could minimise the …

The objective of this paper is to identify the strategies and instruments that agribusiness companies currently use to … agribusiness firms. The majority of respondents expect that the importance of the markets in the BRIC countries will increase … agribusiness companies are facing in the context of handling international markets, especially in BRIC countries. …

The promotion of oil palm production as an agribusiness development policy is a major issue in response to the … Agribusiness Venture Arrangement (AVA) mode through the field survey of the cooperatives in the provinces in Mindanao. In …