Asymmetrie price risk: An econometric analysis of aggregate sow farrowings, 1973-86

Russell Tronstad, Thomas J. McNeill

Research output: Contribution to journalArticle

8 Scopus citations

Abstract

Aggregate sow farrowing response to price risk is estimated where price risk is defined as the difference between expected price at decision time and realized price at acquisition or selling time. Asymmetric (unfavorable deviations) and symmetric (favorable and unfavorable deviations) forms of price risk are estimated utilizing cash and futures prices. Statistical results suggest that an asymmetric form of risk analysis is preferred to a symmetric form, for bofcth cash and futures markets.

Original languageEnglish (US)
Pages (from-to)630-637
Number of pages8
JournalAmerican Journal of Agricultural Economics
Volume71
Issue number3
DOIs
StatePublished - Aug 1989
Externally publishedYes

Keywords

  • Asymmetric
  • Distributed lag
  • Non-nested
  • Price risk
  • Symmetric

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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