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2006-04-21
英文文献:Risk Transfer, Information and Production Contracts: A Suggested Analytical Methodology
英文文献作者:Bessler, David A.,Moore, Charles V.
英文文献摘要:
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.
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