Journal
JOURNAL OF ECONOMETRICS
Volume 162, Issue 1, Pages 35-43Publisher
ELSEVIER SCIENCE SA
DOI: 10.1016/j.jeconom.2009.10.007
Keywords
Arbitrage; Risk aversion; Agriculture
Ask authors/readers for more resources
A structural intertemporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North Central region of the US. The data are consistent with a unifying level of risk aversion. The levels of risk aversion are more plausible than previous estimates for agriculture. However, the standard arbitrage equilibrium is rejected; perhaps, this is due to the period and the shortness of the period studied. (C) 2009 Elsevier B.V. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available