Hedging Under Output Price Randomness

Jack Meyer () and Lindon Robison

American Journal of Agricultural Economics, 1988, vol. 70, issue 2, 268-272

Abstract: An expected utility analysis of a frequently studied hedging model is carried out using mean-standard deviation modeling techniques. This is possible because the hedging model satisfies a location and scale condition. As a result, one can simplify the proofs of, and provide more intuition for, results concerning hedging developed using only expected utility techniques.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:70:y:1988:i:2:p:268-272.

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