期货市场规避不确定性的微观经济学研究

• 作 者: 丁锐
• 机 构: 北京大学马克思主义学院,
• 出 处: 现代经济信息
• 发表日期: 2014年21期
• 关键词: 期货市场 不确定性 套期保值

对于厂商而言,不确定性就是生产中不可缺少的因素,也是对厂商的利润有着直接影响。对于期货市场而言,刚好为厂商提供了不确定性的规避功能,厂商可以在期货市场上进行买卖,将现货市场上出现的不确定性风险进行消除。本文将通过微观经济学进行分析,并对期货市场的套期保值进行介绍,显示出在期货市场中对于不确定性的风险规避作用。

For manufacturers, uncertainty is an indispensable factor in the production, but also has a direct impact on the manufacturer’s profits. For the futures market, just for manufacturers to provide the uncertainty of the circumvention function, manufacturers can buy and sell in the futures market, the spot market to eliminate the risk of uncertainty. This article will analyze the microeconomics and introduce hedging in the futures market, showing the risk aversion effect on the uncertainty in the futures market.