Asymmetric Price Risk: An Econometric Analysis of Aggregate Sow Farrowings, 1973–86
Russell Tronstad and
Thomas J. McNeill
American Journal of Agricultural Economics, 1989, vol. 71, issue 3, 630-637
Aggregate sow farrowing response to price risk is estimated where price risk is defined as the difference between expected price at decision time and realized price at acquisition or selling time. Asymmetric (unfavorable deviations) and symmetric (favorable and unfavorable deviations) forms of price risk are estimated utilizing cash and futures prices. Statistical results suggest that an asymmetric form of risk analysis is preferred to a symmetric form, for both cash and futures markets.
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:71:y:1989:i:3:p:630-637.
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