Intertemporal Risk Management Decisions of Farmers under Preference, Market, and Policy Dynamics



Figure 8. Sensitivity of Optimal Hedge Ratios in Response to Transaction Cost


Year 1


With CCP


No CCP


Optimal Hedge Ratio


0.4230

0.4225

0.4220

0.4215

0.4210

0.4205

0.4200

0.4195

0.4190


о.


y Yrl (With CCP)


о Yrl (No CCP)


-■Linear (Yrl (With CCP))


Linear (Yrl (No CCP))


•ж


ζ^v Ç?' ζy,                    ςp4 PP Pv1

ÿ’ 'ÿ 'ÿ c, 'ÿ c>, c>,
ç>- ç>- ç>- ç>- ç>- ç>- ç>- ç>- ç>-


<∙∙α.


×    <Γ'⅛4

ж <>■
ж


0.6120

0.6115

0.6110

0.6105

0.6100

0.6095

0.6090

0.6085

0.6080


cΛ- A Λ √⅛ √× √⅛ √b Л A Λ r<V
C?3 ς? ς? ς? ς? ς? ς? ς? ς? ς? .4d
43
ç>- ç>- ç>- ç>- ç>- ç>- ç>- ç>- ç>- 43


Transaction Cost ($)


43




More intriguing information

1. A production model and maintenance planning model for the process industry
2. The name is absent
3. The name is absent
4. Ruptures in the probability scale. Calculation of ruptures’ values
5. The name is absent
6. The name is absent
7. The name is absent
8. Peer Reviewed, Open Access, Free
9. Dementia Care Mapping and Patient-Centred Care in Australian residential homes: An economic evaluation of the CARE Study, CHERE Working Paper 2008/4
10. On the Relation between Robust and Bayesian Decision Making