Agricultural Arbitrage and Risk Preferences
Rulon D. Pope,
Jeffrey LaFrance () and
No 7189, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics
A structural inter-temporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North-Central region of the U.S. The data is consistent with 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: Risk; and; Uncertainty (search for similar items in EconPapers)
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Journal Article: Agricultural arbitrage and risk preferences (2011)
Working Paper: Agricultural Arbitrage and Risk Preferences (2008)
Working Paper: Agricultural Arbitrage and Risk Preferences (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:7189
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