Data/hora: 20/06/2024 14:53:51

Biblioteca(s): | Embrapa Pantanal.
Data corrente: | 19/02/1997
Data da última atualização: | 19/02/1997
Autoria: | BRITO, R.
Título: | The simultaneous determination of spot and futures prices in a simple model with production risk.
Ano de publicação: | 1984
Fonte/Imprenta: | Quartely Journal of Economics, v.99, n.2, p.351-365, May, 1984.
Idioma: | Inglês
Conteúdo: | This paper deals with properties of a rational expectations equilibrium when there is future trading. A simple two-good model is analyzed, where one of the goods is produced subject to production risk. Although the futures market provides insurance against price risk to producers, it is income risk that concerns them. Whether they hedge in equilibrium is shown to depend on the price and income elasticity of demand for their outputs as well as on the degree to which consumers - the other party in the futures transactions - are risk-averse.
Palavras-Chave: | Economy; Futures prices; Modelo simples; Production risk; Risco de producao; Simple model; Spot.
Thesagro: | Economia; Preço.
Categoria do assunto: | --
Registro original: | Embrapa Pantanal (CPAP)
Exemplares: | CPAP - (33930-1) - ADD - SP - -- - SP3480 -  - 3480 - DIS