Do Farmers Hedge Optimally or by Habit? A Bayesian Partial-Adjustment Model of Farmer Hedging

Do Farmers Hedge Optimally or by Habit? A Bayesian Partial-Adjustment Model of Farmer Hedging by

Do Farmers Hedge Optimally or by Habit? A Bayesian Partial-Adjustment Model of Farmer Hedging

Hedging is one of the most important risk management decisions that farmers make and has a potentially large role in the level of profit eventually earned from farming. Using panel data from a survey of Georgia farmers that recorded their hedging decisions for 4 years on four crops, we examine the role of habit, demographics, farm characteristics, and information sources on the hedging decision...

Complementing Farmers’ Genetic Knowledge: Farmer

Genetic conservation and improvement depends (among other things) on the action of local people (CBD, 1994). We know that farmers are extremely knowledgeable about their crops and that they continuously experiment with them and with new materials arriving from various sources (Richards, 1989). Certain farmers are locally recognised as having “expert” knowledge about agro-biodiversity. They are ...

a study on insurer solvency by panel data model: the case of iranian insurance market

the aim of this thesis is an approach for assessing insurer’s solvency for iranian insurance companies. we use of economic data with both time series and cross-sectional variation, thus by using the panel data model will survey the insurer solvency.

Partial nail avulsion: habit or evidence based?

Onychocryptosis is a relatively common condition that can cause significant pain and discomfort. Partial nail avulsion (PNA) with phenolisation is a straightforward procedure performed by podiatrists on a daily basis. The procedure has shown a high rate of efficacy and low recurrence rate, and can be performed on high risk patients with close post-operative monitoring and those with concomitant...