Spatial Competition, Arbitrage, and Risk in U.S. Soybeans

Kristopher Skadberg, William Wilson, Ryan Larsen () and Bruce Dahl

Journal of Agricultural and Resource Economics, 2015, vol. 40, issue 3, 15

Abstract: This paper analyzes spatial arbitrage and vertical integration of a U.S. soybean-trading firm. A risk-constrained optimization model using Monte Carlo simulation and copula joint distributions is specified. Results show that spatial-arbitrage payoffs vary regionally. Sensitivity results indicate that payoffs and risks increase as firms become more vertically integrated.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:210550

DOI: 10.22004/ag.econ.210550

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