Agricultural Arbitrage and Risk Preferences

Rulon D. Pope, Jeffrey LaFrance () and Richard Just

No 7189, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: A structural inter-temporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North-Central region of the U.S. The data is consistent with 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.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 36
Date: 2007
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/7189/files/wp071041.pdf (application/pdf)

Related works:
Journal Article: Agricultural arbitrage and risk preferences (2011)
Working Paper: Agricultural Arbitrage and Risk Preferences (2008)
Working Paper: Agricultural Arbitrage and Risk Preferences (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:7189

DOI: 10.22004/ag.econ.7189

Access Statistics for this paper

More papers in CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().