Feasibility of derivatives for monkfish in France: a dependence analysis using the empirical copula

Nicolas Rautureau (nicolas.rautureau@univ-nantes.fr), Zahra El Houakmi-Royer and Yves Perraudeau

European Review of Agricultural Economics, 2010, vol. 37, issue 2, 209-229

Abstract: Financial derivatives have long been used to achieve price risk management in agriculture, but, up to this point, little has been done in the seafood sector. One difficulty stems from the lack of product homogeneity, so we evaluate the possibility of building representative price indices. This is an essential step due to the absence of such indices and hedging instruments in France. We conduct a statistical analysis of the daily French monkfish market between 1994 and 2006. Empirical copula is used in relation to the basis risk to handle the dependence between the different sizes. Oxford University Press and Foundation for the European Review of Agricultural Economics 2010; all rights reserved. For permissions, please email journals.permissions@oxfordjournals.org, Oxford University Press.

Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/erae/jbq010 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:erevae:v:37:y:2010:i:2:p:209-229

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

More articles in European Review of Agricultural Economics from Oxford University Press and the European Agricultural and Applied Economics Publications Foundation Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press (joanna.bergh@oup.com).