TESTING FOR RISK PREMIUMS IN THE WHEAT-FLOUR SUBSECTOR

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Cotterill, Ronald W.; Salih, Hachim M.;
(1992)
  • Subject: Crop Production/Industries, Risk and Uncertainty,

This paper specifies a model of wholesale flour price determination that incorporates risk measures for input prices (wheat) and a joint output price (millfeed). Tests using daily price data for a Buffalo flour miller indicate that risk premiums do exist. Moreover, thes... View more
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