SERGIO H. LENCE: Papers
Published in Proceedings
Hart, C., and S. H. Lence. “A Bayesian Examination of Financial Constraints and Farm
Investment.” In Proceedings of the Annual Meeting of the NC-221 Committee on Financing Agriculture
and Rural America: Issues of Policy,
Structure, and Technical Change, Denver, CO, October 7-8, 2002. South Dakota State University, Department of
Economics, Econ Pamphlet 2003-1, June 2003, pp. 203-215.
Lence, S. H.
"Are Household Survey Data Reliable to Assess Food Insecurity?" Proceedings of the International
Conference on Agricultural Policies and Development Strategies – Food Security
and Agricultural Marketing, National
Taiwan University, Taipei, Taiwan, September 3-4, 2002.
Lence, S. H., and D. J. Hayes. “Pricing Long-Term Options on Markets with
Mean Reversion.” In Proceedings of the NCR-134 Conference:
Applied Commodity Price Analysis, Forecasting, and Market Risk Management,
Saint Louis, MO, April 22-23, 2002.
http://www.agebb.missouri.edu/ncrext/ncr134/
Mason, C., D. J. Hayes, and S. H. Lence. “Systemic Risk in U.S. Crop and Revenue
Insurance Programs.” In Proceedings of Regional Committee NC-221 on
Financing Agriculture and Rural America:
Issues of Policy, Structure and Technical Change. McLean, Virginia, October 1-2, 2001.
Lence, S. H., and D. J. Hayes. “Response to an Asymmetric Demand for
Attributes: An Application to the
Market for Genetically Modified Crops.”
In Proceedings of the NCR-134
Conference: Applied Commodity Price Analysis, Forecasting, and Market Risk
Management, Saint Louis, MO, April 23-24, 2001. http://www.agebb.missouri.edu/ncrext/ncr134/
Lence, S. H., and D. J. Hayes. “U.S. Farm Policy and the Variability of
Commodity Prices and Farm Revenues.” In
Proceedings of the NCR-134 Conference:
Applied Commodity Price Analysis, Forecasting, and Market Risk Management,
Chicago, IL, April 17-18, 2000.
http://www.agebb.missouri.edu/ncrext/ncr134/
Lence, S. H.
“Experimental Evidence on the 'Credit Rationing' Theory.” In Proceedings
of the 46th Agricultural Finance Conference: The Changing Nature of Agricultural Risks. Mississauga, Ontario, Canada, October 4-6,
1999. University of Guelph, Canada,
Department of Agricultural Economics and Business, 1999, pp. 121-155.
Hart, C, and S. H. Lence. “A Bayesian Examination of Agricultural Investment.” In Proceedings
of the 46th Agricultural Finance Conference: The Changing Nature of Agricultural Risks. Mississauga, Ontario, Canada, October 4-6,
1999. University of Guelph, Canada,
Department of Agricultural Economics and Business, 1999, pp. 1-28.
Blue, E. N., M. L. Hayenga, S. H. Lence, and E. D.
Baldwin. “Futures Spread Risk in
Soybean Hedge-to-Arrive Contracts.” In Proceedings of the NCR-134 Conference: Applied
Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago,
IL, April 20-21, 1998, pp. 25-33.
Lence, S. H.
“Investment and Credit in U.S. Agriculture: A Framework for Empirical Analysis.” In Proceedings of Regional
Committee NCT-173 on Financing Agriculture and Rural America: Issues of Policy, Structure and Technical
Change, Denver, CO, October 6-7, 1997.
University of Arkansas at Fayetteville, Department of Agricultural
Economics and Agribusiness, Staff Paper 0498, 1998, pp. 66-81.
Lence, S. H.
“Recent Changes in the Structure of the Banking Industry: Causes, Effects, and Topics for
Research.” In Proceedings of Regional Committee NC-207 on Regulatory, Efficiency, and
Management Issues Affecting Rural Financial Markets, New York, NY,
September 8-9, 1996. University of
Illinois at Urbana-Champaign, Department of Agricultural and Consumer
Economics, Staff Paper ACE 97-02, 1997, pp. 79-109.
Lence, S. H., and D. J. Miller “Estimation of Multi-Output Production
Functions without Activity-Specific Input Data.” In American Statistical
Association 1996 Proceedings of the Section on Bayesian Statistical Science,
International Society for Bayesian Analysis 1996 North American Meeting,
Chicago, IL, August 2-3, 1996, pp. 260-265.
Lee, K. R., M. L. Hayenga, and S. H. Lence. “The Hedging Effectiveness of Rough Rice
Futures.” In Proceedings of the NCR-134 Conference: Applied Commodity Price
Analysis, Forecasting, and Market Risk Management, Chicago, IL, April
24-25, 1995, pp. 358-368.
Lence, S. H.
“How Robust Are Minimum-Variance-Hedge Recommendations?” In CBOT
Research Symposium Proceedings:
Proceedings of the Annual Fall Research Seminar, Chicago, IL,
December 5-6, 1994, pp. 45-76.
Hayenga, M. L., B. Jiang, J. H. Kweon, and S. H.
Lence. “Cross Hedging Wholesale Beef
and Pork Products.” In Proceedings of the NCR-134 Conference:
Applied Commodity Price Analysis, Forecasting, and Market Risk Management,
Chicago, IL, April 18-19, 1994, pp. 269-283.
Patterson, M. D., M. L. Hayenga, and S. H.
Lence. “Hedge Ratio Estimation and
Soybean Storage.” In Proceedings of the NCR-134 Conference:
Applied Commodity Price Analysis, Forecasting, and Market Risk Management,
Chicago, IL, April 18-19, 1994, pp. 314-328.
Lence, S. H.
“The Market Efficiency of Options on Corn Futures.” In Proceedings
of the NCR-134 Conference: Applied Commodity Price Analysis, Forecasting, and
Market Risk Management, Chicago, IL, April 19-20, 1993, pp. 101-116.
Lence, S. H., and D. J. Hayes. “Optimal Hedging in the Presence of
Estimation Risk.” In Proceedings of the NCR-134 Conference: Applied
Commodity Price Analysis, Forecasting, and Market Risk Management, Chicago,
IL, April 20-21, 1992, pp. 32-46.
Lence, S. H., K. L. Kimle, and M. L. Hayenga. “A Dynamic Minimum Variance Hedge.” In Proceedings
of the NCR-134 Conference: Applied Commodity Price Analysis, Forecasting, and
Market Risk Management, Chicago, IL, April 20-21, 1992, pp. 129-143.
Lence, S. H., D. J. Hayes, and W. H. Meyers. “The Impact of Futures Markets on U.S.
Soybean Processors.” In Proceedings of the NCR-134 Conference:
Applied Commodity Price Analysis, Forecasting, and Market Risk Management,
Chicago, IL, April 22-23, 1991, pp. 62-76.