Cabrini, Silvina M.; Stark, Brian G.; Irwin, Scott H.; … - In: Journal of Agricultural and Applied Economics 37 (2005) 01
This study analyzes the potential risk-reduction gains from naïve diversification among market advisory services for corn and soybeans. The total possible decrease in risk through naïve diversification is small, mainly because advisory prices are highly correlated on average. Moreover, because...