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Agricultural Arbitrage and Risk Preferences

Rulon D. Pope, Jeffrey LaFrance () and Richard Just

No 7189, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: 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)
Date: 2007
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Related works:
Journal Article: Agricultural arbitrage and risk preferences (2011) Downloads
Working Paper: Agricultural Arbitrage and Risk Preferences (2008) Downloads
Working Paper: Agricultural Arbitrage and Risk Preferences (2007) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:7189

DOI: 10.22004/ag.econ.7189

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