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Segmenting Supply Chain Risk Using E/CTRM Systems : Unifying Theory of Commodity Hedging and Arbitrage
Frankfurter, Michael Mack - 2012
The complexity of managing physical and financial risk throughout the commodity production, processing and merchandising chain presents numerous challenges. To solve this problem commercials are increasingly turning to Energy and Commodity Transaction Risk Management (E/CTRM) systems. Still,...
Persistent link: https://www.econbiz.de/10013102576
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Crop Minimum Support Price versus Cost Subsidy : Farmer and Consumer Welfare
Chintapalli, Prashant; Tang, Christopher S. - 2021
should the prevailing market price be below the pre-specified MSP. In this paper, we consider a market consisting of infinitesimally small, rational, and strategic farmers(with heterogeneous production costs) who face market and yield uncertainties. Our equilibrium analysis reveals that (i)...
Persistent link: https://www.econbiz.de/10013210923
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Investment, credit constraints and public policy in a neoclassical adjustment cost framework
Čechura, Lukáš - 2008
This paper deals with the analysis of the impact of credit rationing on the farmer's economic equilibrium and the analysis of different policy scenarios in a derived neoclassical adjustment cost framework. The theoretical model is an optimal dynamic investment model, in which the upper bound on...
Persistent link: https://www.econbiz.de/10003663077
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Revealing the willingness to pay for income insurance in agriculture
Pérez Blanco, Carlos Dionisio; Gómez, C. M. - 2015
A stable agricultural income is often regarded as a way to achieve a better environmental performance in this sector. However, conventional income stabilization tools have been showing recently signs of exhaustion. Under this critical juncture, EU institutions have encouraged the expansion of...
Persistent link: https://www.econbiz.de/10010518020
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Empirical measurement of credit rationing in agriculture : a methodological survey
Petrick, Martin - 2003
literature. Furthermore, based on a common analytical framework entailing a formal model of a credit rationed farm household, the …
Persistent link: https://www.econbiz.de/10009755213
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Is there a demand for multi-year crop insurance?
Osipenko, Maria; Shen, Zhiwei; Odening, Martin - 2014
In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop insurance contracts. We show that in a competitive insurance market with heterogeneous risk averse farmers, there is simultaneous demand for both insurance contracts. Moreover,...
Persistent link: https://www.econbiz.de/10010344324
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Risk Rationing and the Demand for Agricultural Credit
Khantachavana, Sivalai V. - 2012
determine the extent of risk rationing amongst potential rural borrowers. Using data from 730 farm households in the Shaanxi …
Persistent link: https://www.econbiz.de/10013096281
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Aggregational Gaussianity and Barely Infinite Variance in Financial Returns
Antypas, Antonios - 2012
This paper aims at reconciling two apparently contradictory empirical regularities of financial returns, namely, the fact that the empirical distribution of returns tends to normality as the frequency of observation decreases (aggregational Gaussianity) combined with the fact that the...
Persistent link: https://www.econbiz.de/10013102947
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Credit Risk Models by Type of Business
Durguner, Seda - 2012
needed based on the type of business. The application is specifically for small farm businesses (dairy, beef, grain, and hog … farm businesses) in Illinois from 1995 to 2006. The results show that the effect of financial ratios on repayment capacity …, and thus on credit risk, differ for farm businesses based on their business types. These findings show that working with …
Persistent link: https://www.econbiz.de/10013108410
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The Ethics of Financial Speculation in Futures Markets
Pies, Ingo - 2013
This article sketches an ethics of (financial) speculation in futures markets. (1) It identifies an intentionalistic fallacy prevalent in moral criticisms of speculation in general and of financial speculation in particular. (2) It scrutinizes the degree to which the recent debate on financial...
Persistent link: https://www.econbiz.de/10013074935