Stabilising commodity earnings when there is uncertainty about the price and production distributions
研究了在价格波动和生产不确定的市场中，如何通过套期保值或价格稳定来稳定收益，基于四个代表性商品市场的样本发现存在显著空间。
Most of the literature on risk reduction associated with price and production uncertainties has been concerned with the welfare justification for, and welfare consequences of, market stabilisation. This article deals with the important problem of how to stabilise earnings in a market where prices are volatile and production is uncertain, once the welfare case for doing so had been accepted. Based on a sample of four representative commodity markets, the study found significant scope for stabilising earnings by hedging or by price stabilisation.