| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5096616 | Journal of Econometrics | 2011 | 9 Pages |
Abstract
A structural intertemporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture in the North Central region of the US. The data are 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.
Related Topics
Physical Sciences and Engineering
Mathematics
Statistics and Probability
Authors
Rulon D. Pope, Jeffrey T. LaFrance, Richard E. Just,