Optimal hedging under price and quantity uncertainty : the case of a cocoa producer (Английский)

A mathematical model illustrating the optimal hedging strategy of a producing country subject to price and production variability is proposed. Cocoa is used as a case study. The analysis is applied to Ghana, Nigeria, Ivory Coast, and Brazil, four countries that account for close to 80 percent of world cocoa production. The traditional definition of hedging recommends a hedge ratio of one, but the ratio of optimal hedge to expected output should be...
Подробнее

ПОДРОБНАЯ ИНФОРМАЦИЯ

Подробнее

ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ

ПОЛНЫЙ ОТЧЕТ

Официальная версия документа (может содержать подписи, и т.д.)

SUBSCRIBE TO EMAIL ALERTS

This document is being processed or is not available.