publication . Preprint . Other literature type . 1992

TESTING FOR RISK PREMIUMS IN THE WHEAT-FLOUR SUBSECTOR

Cotterill, Ronald W.; Salih, Hachim M.; Cotterill, Ronald W.; Salih, Hachim M.;
Open Access
  • Published: 01 Sep 1992
Abstract
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, these premiums persist in a model that incorporates hedging.
Subjects
free text keywords: Crop Production/Industries, Risk and Uncertainty,, Crop Production/Industries, Risk and Uncertainty
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publication . Preprint . Other literature type . 1992

TESTING FOR RISK PREMIUMS IN THE WHEAT-FLOUR SUBSECTOR

Cotterill, Ronald W.; Salih, Hachim M.; Cotterill, Ronald W.; Salih, Hachim M.;