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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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Related works:
Working Paper: Agricultural Arbitrage and Risk Preferences (2008) Downloads
Working Paper: Agricultural Arbitrage and Risk Preferences (2007) Downloads
Working Paper: Agricultural Arbitrage and Risk Preferences (2007) Downloads
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