Agricultural arbitrage and risk preferences

Rulon D. Pope, Jeffrey LaFrance () and Richard Just

Journal of Econometrics, 2011, vol. 162, issue 1, 35-43

Abstract: A structural intertemporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North Central region of the US. The data are consistent with a unifying level of risk aversion. The levels of risk aversion are more plausible than previous estimates for agriculture. However, the standard arbitrage equilibrium is rejected; perhaps, this is due to the period and the shortness of the period studied.

Keywords: Arbitrage; Risk; aversion; Agriculture (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Agricultural Arbitrage and Risk Preferences (2007)
Working Paper: Agricultural Arbitrage and Risk Preferences (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:econom:v:162:y:2011:i:1:p:35-43

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