Production Flexibility and Hedging
نویسندگان
چکیده
منابع مشابه
Production Flexibility and Hedging
We extend the analysis on hedging with price and output uncertainty by endogenizing the output decision. Specifically, we consider the joint determination of output and hedging in the case of flexibility in production. We show that the risk-averse firm always maintains a short position in the futures market when the futures price is actuarially fair. Moreover, in the context of an example, we s...
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ژورنال
عنوان ژورنال: Risks
سال: 2015
ISSN: 2227-9091
DOI: 10.3390/risks3040543