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Risk Transfer, Information and Production Contracts: A Suggested Analytical Methodology

Author

Listed:
  • Bessler, David A.
  • Moore, Charles V.

Abstract

Production contracts can be used to reduce or transfer risk but at a cost to the producer. The degree of risk transfer and its implicit cost can be determined using a Bayesian framework. The value of additional information is hypothesized as a function of the structure of the comn1odity market.

Suggested Citation

  • Bessler, David A. & Moore, Charles V., 1975. "Risk Transfer, Information and Production Contracts: A Suggested Analytical Methodology," 1975 Annual Meeting, August 10-13, Columbus, Ohio 284107, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea75:284107
    DOI: 10.22004/ag.econ.284107
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    Cited by:

    1. Fox, Virginia A., 1976. "Economic Research Of Interest To Agriculture, 1973-1975," Economic Research of Interest to Agriculture 7277, University of California, Berkeley, Department of Agricultural and Resource Economics.

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    Keywords

    Risk and Uncertainty;

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