Risk Transfer, Information and Production Contracts: A Suggested Analytical Methodology

David Bessler () and Charles V. Moore

No 284107, 1975 Annual Meeting, August 10-13, Columbus, Ohio from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Production contracts can be used to reduce or transfer risk but at a cost to the producer. The degree of risk transfer and its implicit cost can be determined using a Bayesian framework. The value of additional information is hypothesized as a function of the structure of the comn1odity market.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 16
Date: 1975-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea75:284107

DOI: 10.22004/ag.econ.284107

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