Detail Hedging Price Risk With Options and Futures for The Competitive Firm With Production Flexibility   Oleh:  Moschini, Giancarlo ; Lapan, Harvey Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 33 no. 3 (1992), page 607-618. Topik: PRICE; price risk; competitive firm; production flexibility Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel When some input decisions can be made after price is realized, separation between production and hedging decisions still holds only under limited circumstances. Under the assumption of a restricted profit function that is quadratic in price, the optimal futures hedge of a risk averse firm equals expected output and a short straddle position is desirable assuming that futures and options prices are unbiased. In this case the use of options not only raises expected utility by reducing income risk, but in general also affects the firm input decisions. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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