Cross Hedging
从理论上描述了期货市场中的套期保值行为，推导了关注利润均值和方差的代理人的最优决策规则，并评估了最优现货和期货头寸与价格预期、生产可能性及可用期货市场数量的关系。
The paper provides a theoretical description of hedging in futures markets that account for the behavior of a broad class of agents. Specific optimal decision rules are derived for agents concerned with the mean and variance of profit. These rules are used to evaluate how optimal cash and futures positions are related to price expectations, the production possibilities, and the number of futures markets available.