Continuous reorganization of markcll;:s implied by tlH~ process of economic grow til, wherein spcrialization, enlargement of sealc, and applications of technology keep marching onward. Under a regime of privatI.: propcrty, there are continual adaptations of differcllt means for mohili1.ing...

Optimal hedging level, minimum-risk hedging level, and hedging effectiveness are defined in a manner consistent with portfolio theory and used to analyze hedging potential in cattle feeding. Estimated upper limits on optimal hedging levels ranged from 0.56 to 0.88 unit of short futures per unit...