SERGIO H. LENCE: Papers
Published in Peer Review Journals
Hayes, D. J., S. H.
Lence, and A. Stoppa.
"Farmer-Owned Brands?"
Agribusiness: An
International Journal (forthcoming).
Hart, C. E., and S. H. Lence. “Financial Constraints and Farm
Investment: A Bayesian
Examination.” Journal of Business and Economic Statistics 22(2004):51-63.
Hayes, D. J., S. H.
Lence, and C. Mason. “Could the
Government Manage its Exposure to Crop Reinsurance Risk?” Agricultural Finance Review 63(Fall
2003):127-142.
Lence, S. H., and D.
J. Hayes. "Impact of Biotech
Grains on Market Structure and Societal Welfare." AgBioForum 5(2003):85-89.
Mason, C., D. J. Hayes, and S. H. Lence. “Systemic Risk in U.S. Crop Reinsurance
Programs.” Agricultural Finance
Review 63(Spring 2003):23-39.
Hayes,
D. J., and S. H. Lence. “A New Brand of
Agriculture? Farmer-Owned Brands
Reward Innovation.” Choices 17(Fall 2002):6-10.
Lence, S. H., and D. J. Hayes. “U.S. Farm Policy and the Variability of
Commodity Prices and Farm Revenues.” American Journal of Agricultural Economics
84(May 2002):335-351.
de Fontnouvelle, P., and S. H. Lence. “Transaction Costs and the Present Value
“Puzzle” of Farmland Prices.” Southern
Economic Journal 68(January 2002):549-565.
Lence, S. H.
“Farmland Prices in the Presence of Transaction Costs: A Cautionary Note.” American
Journal of Agricultural Economics 83(November 2001):985-992.
Lence, S. H., and M. L. Hayenga. “On the Pitfalls of Multi-Year Rollover Hedges: The Case of Hedge-to-Arrive Contracts.” American
Journal of Agricultural Economics 83(February 2001):107-119.
Lence, S. H.
“Using Consumption and Asset Return Data to Estimate Farmers’ Time
Preferences and Risk Attitudes.” American Journal of Agricultural Economics
82(November 2000):934-947.
Jolly, R. W., and S. H. Lence. “Value-Added Land Values.” Choices
15(First Quarter 2000):18-23.
Lence, S. H., and D. J. Miller. “Transaction Costs and the Present Value
Model of Farmland: Iowa, 1900-1994.” American
Journal of Agricultural Economics 81(May 1999):257-272.
Lence, S. H., M. L. Hayenga, and N. E. Harl. “The Failure of Multi-Year Hedge-to-Arrive
Contracts.” Choices 14(First Quarter 1999):37-41.
Blue, E. N., M. L. Hayenga, S. H. Lence, and E. D.
Baldwin. “Futures Spread Risk in
Soybean Multi-Year Hedge-to-Arrive Contracts.”
Agribusiness: An International Journal
14(November/December 1998):467-474.
Lence, S. H., and D. J. Miller. “Recovering Output-Specific Inputs from
Aggregate Input Data: A Generalized
Cross Entropy Approach.” American Journal of Agricultural Economics
80(November 1998):852-867.
Lence, S. H., and D. J. Miller. “Estimation of Multi-Output Production
Functions with Incomplete Data: A
Generalised Maximum Entropy Approach.” European Review of Agricultural Economics
25(1998):188-209.
Lence, S. H., and D. J. Hayes. “The Forward-Looking Competitive Firm under
Uncertainty.” American Journal of Agricultural Economics 80(May 1998):303-312.
Lence, S. H., and C. Hart. “Index Models and Land Allocation Reconsidered.” Canadian
Journal of Agricultural Economics 45(1997):267-284.
Lence, S. H.
“Recent Structural Changes in the Banking Industry, Their Causes and
Effects: A Literature Survey.” Review
of Agricultural Economics 19(Fall/Winter 1997):371-402.
Hayenga, M. L., B. Jiang, and S. H. Lence. “Improving Wholesale Beef and Pork Product
Cross Hedging.” Agribusiness: An International
Journal 12(1996):541-559.
Lence, S. H., M. L. Hayenga, and M. D.
Patterson. “Storage Profitability and
Hedge Ratio Estimation.” Journal of Futures Markets 16(September
1996):655-676.
Lence, S. H.
“Relaxing the Assumptions of Minimum-Variance Hedging.” Journal
of Agricultural and Resource Economics 21(July 1996):39-55.
Lence, S. H., and D. J. Hayes. “Optimal Hedging under Forward-Looking
Behaviour.” Economic Record 71(December 1995):329-342.
Lence, S. H., D. J. Hayes, and W. H. Meyers. “The Behavior of Forward-Looking Firms In
the Very Short Run.” American Journal of Agricultural Economics
77(November 1995):922-934.
Lence, S. H., and D. J. Hayes. “Land Allocation in the Presence of
Estimation Risk.” Journal of Agricultural and Resource Economics 20(July 1995):49-63.
Lence, S. H. “The
Economic Value of Minimum-Variance Hedges.”
American Journal of Agricultural
Economics 77(May 1995):353-364.
Lence, S. H.
“On the Optimal Hedge under Unbiased Futures Prices.” Economics
Letters 47(1995):385-388.
Lence, S. H., and B. A. Babcock. “Flexibility, Endogenous Risk, and the
Protection Premium.” Theory and Decision 38(January
1995):29-50.
Lence, S. H., S. Yong, and D. J. Hayes. “Multiperiod Production with Forward and
Options Markets.” American Journal of Agricultural Economics 76(May 1994):286-295.
Lence, S. H., and D. J. Hayes. “Parameter-Based Decision Making under
Estimation Risk: An Application to Futures Trading.” Journal of Finance
49(March 1994):345-357.
Lence, S. H., and D. J. Hayes. “The Empirical Minimum Variance Hedge.” American
Journal of Agricultural Economics 76(February 1994):94-104.
Lence, S. H., K. L. Kimle, and M. L. Hayenga. “A Dynamic Minimum Variance Hedge.” American
Journal of Agricultural Economics 75(November 1993):1063-1071.
Lence, S. H., D. J. Hayes, and W. H. Meyers. “Futures Markets and Marketing Firms: The U.S. Soybean-Processing Industry.” American
Journal of Agricultural Economics 74(August 1992):716-725.