Asymmetrie price risk: An econometric analysis of aggregate sow farrowings, 1973-86

Russell Tronstad; Thomas J. McNeill

doi:10.2307/1242018

Asymmetrie price risk: An econometric analysis of aggregate sow farrowings, 1973-86

Russell Tronstad, Thomas J. McNeill

Research output: Contribution to journal › Article › peer-review

10 Scopus citations

Abstract

Aggregate sow farrowing response to price risk is estimated where price risk is defined as the difference between expected price at decision time and realized price at acquisition or selling time. Asymmetric (unfavorable deviations) and symmetric (favorable and unfavorable deviations) forms of price risk are estimated utilizing cash and futures prices. Statistical results suggest that an asymmetric form of risk analysis is preferred to a symmetric form, for bofcth cash and futures markets.

Original language	English (US)
Pages (from-to)	630-637
Number of pages	8
Journal	American Journal of Agricultural Economics
Volume	71
Issue number	3
DOIs	https://doi.org/10.2307/1242018
State	Published - Aug 1989
Externally published	Yes

Keywords

Asymmetric
Distributed lag
Non-nested
Price risk
Symmetric

ASJC Scopus subject areas

Agricultural and Biological Sciences (miscellaneous)
Economics and Econometrics

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10.2307/1242018

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abstract = "Aggregate sow farrowing response to price risk is estimated where price risk is defined as the difference between expected price at decision time and realized price at acquisition or selling time. Asymmetric (unfavorable deviations) and symmetric (favorable and unfavorable deviations) forms of price risk are estimated utilizing cash and futures prices. Statistical results suggest that an asymmetric form of risk analysis is preferred to a symmetric form, for bofcth cash and futures markets.",

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AB - Aggregate sow farrowing response to price risk is estimated where price risk is defined as the difference between expected price at decision time and realized price at acquisition or selling time. Asymmetric (unfavorable deviations) and symmetric (favorable and unfavorable deviations) forms of price risk are estimated utilizing cash and futures prices. Statistical results suggest that an asymmetric form of risk analysis is preferred to a symmetric form, for bofcth cash and futures markets.

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KW - Distributed lag

KW - Non-nested

KW - Price risk

KW - Symmetric

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Asymmetrie price risk: An econometric analysis of aggregate sow farrowings, 1973-86

Abstract

Keywords

ASJC Scopus subject areas

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