Zobrazeno 1 - 10
of 21
pro vyhledávání: '"Steven D. Hanson"'
Publikováno v:
Journal of Agricultural and Resource Economics, Vol 28, Iss 3, Pp 558-579 (2003)
Most previous research on post-harvest grain storage by farmers has assumed risk-neutral behavior and/or made restrictive assumptions about underlying price probability distributions. In this study, we solve the optimal on-farm storage problem for a
Externí odkaz:
https://doaj.org/article/a34ff5369a444cd49b5d50723f2bacef
Publikováno v:
Journal of Agricultural and Resource Economics, Vol 28, Iss 1, Pp 116-137 (2003)
Participation in federal crop insurance programs has been encouraged through premium subsidies. The current subsidy depends on contract features as well as coverage levels. This type of subsidy rule causes farmers to choose contract designs and cover
Externí odkaz:
https://doaj.org/article/58364340710e4bd88d58d2a9fe04d4ca
Publikováno v:
Journal of Agricultural and Applied Economics. 31:449-459
Many agricultural producers face cash price distributions that are effectively truncated at a lower limit through participation in farm programs designed to support farm prices and incomes. For example, the 1996 Federal Agricultural Improvement Act (
Publikováno v:
American Journal of Agricultural Economics. 80:806-820
The performance of individual farm yield and area yield crop insurance programs is evaluated for a representative Iowa corn farm using numerical optimization of expected utility and simulation techniques. Several different contract design features ar
Autor:
Robert J. Myers, Steven D. Hanson
Publikováno v:
American Journal of Agricultural Economics. 78:13-20
A discrete-time dynamic hedging problem is solved under expected utility maximization and basis risk without imposing a particular parametric form for utility, nor assuming normally distributed cash and futures prices. The solution is valid for any i
Publikováno v:
Agribusiness. 12:27-35
A survey of rural Michigan banks found that building good customer relationships is an important goal. The financial success of efforts to build relationships depends on the customer loyalty associated with friendly relationships. Customer loyalty wa
Autor:
Steven D. Hanson, Luanne Lohr
Publikováno v:
Journal of Agricultural and Applied Economics. 27:510-521
Number of suppliers, approximation of equal-shares market condition and market share held by in-state sources were calculated to determine diversity of sources for 10 fresh fruits and vegetables in eight U.S. wholesale markets. Specificity of growing
Autor:
Steven D. Hanson, Robert J. Myers
Publikováno v:
Journal of Empirical Finance. 2:265-276
This paper reports empirical evidence on two alternative theories of time-varying risk premia in the returns to U.S. farmland. In the first model the risk premium depends on the conditional variance of excess returns to farmland. The second model is
Autor:
Robert J. Myers, Steven D. Hanson
Publikováno v:
American Journal of Agricultural Economics. 75:121-130
Standard commodity option pricing models assume proportional changes in the underlying futures price are i.i.d. normal. Empirical evidence suggests commodity futures price movements exhibit excess kurtosis and time-varying volatility. This paper pres
Autor:
Steven D. Hanson, Lindon J. Robison
Publikováno v:
American Journal of Agricultural Economics. 74:663-671
Net present value models are constructed by discounting the after-tax cash flows of a challenging investment by the after-tax internal rates of return (IRRs) of a defending investment. After-tax IRRs calculated for a defending investment are shown to