@article{879340a51dfb47939c5eb2147673d887,
title = "Optimal hedging in the futures market under price uncertainty",
abstract = "We show that there exists a simple optimal hedging rule in the futures markets, for all risk averse decision makers, given that (a) futures price today is an unbiased predictor of the futures price next period, (b) basis is independent of the spot price.",
author = "Simon Benninga and Rafael Eldor and Itzhak Zilcha",
note = "Funding Information: * This research was supported by funds granted Research by Bank Leumi Le-Israel.",
year = "1983",
doi = "10.1016/0165-1765(83)90076-9",
language = "אנגלית",
volume = "13",
pages = "141--145",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier B.V.",
number = "2-3",
}