Agricultural Arbitrage and Risk Preferences

Jeffrey LaFrance (), Rulon Pope and Richard Just

No 2009-01, Working Papers from School of Economic Sciences, Washington State University

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 a 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: arbitrage; risk aversion; agriculture (search for similar items in EconPapers)
JEL-codes: G11 Q12 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2008-12
New Economics Papers: this item is included in nep-agr and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Agricultural arbitrage and risk preferences (2011)
Working Paper: Agricultural Arbitrage and Risk Preferences (2007)
Working Paper: Agricultural Arbitrage and Risk Preferences (2007)
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