Accounting for Heterogeneity in Hedging Behavior: Comparing & Evaluating Grouping Methods (original) (raw)

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Accounting for Heterogeneity in Hedging Behavior: Comparing & Evaluating Grouping Methods

Scott H. IrwinScott H. Irwin

Abstract

Heterogeneity, ie, the notion that individuals respond differently to economic stimuli, can have profound consequences for the interpretation of behavior and the formulation of agricultural policy. This paper compares and evaluates three grouping techniques that ...

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