Production Flexibility and Hedging
We extend the analysis on hedging with price and output uncertainty by endogenizing the output decision. Specifically, we consider the joint determination of output and hedging in the case of flexibility in production. We show that the risk-averse firm always maintains a short position in the future...
| मुख्य लेखकों: | , |
|---|---|
| स्वरूप: | लेख |
| भाषा: | English |
| प्रकाशित: |
MDPI AG
2015-12-01
|
| श्रृंखला: | Risks |
| विषय: | |
| ऑनलाइन पहुंच: | http://www.mdpi.com/2227-9091/3/4/543 |