%0 Journal Article %T A General Empirical Model of Hedging %A Moawia Alghalith %A Ricardo Lalloob %J Journal of Risk and Financial Management %D 2012 %R 10.3390/jrfm5010001 %X In this paper, we treat output as a decision variable. Moreover, we employ a general form of basis risk. Furthermore, we relax the statistical-independence assumption between the spot price and basis risk. %U http://www.mdpi.com/1911-8074/5/1/1