MEASUREMENT OF PRICE RISK IN REVENUE INSURANCE: IMPLICATIONS OF DISTRIBUTIONAL ASSUMPTIONS

Matthew C. Roberts, Barry Goodwin () and Keith Coble

No 20840, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A variety of crop revenue insurance programs is now available. These programs require measurement of price risk. This article investigates the appropriateness of distributional assumptions underlying current and proposed alternative actuarial methods. Our results find that prices are best modeled using a flexible mixture of normals distribution.

Keywords: Demand and Price Analysis; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 13
Date: 1998
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Citations: View citations in EconPapers (8)

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Related works:
Journal Article: MEASUREMENT OF PRICE RISK IN REVENUE INSURANCE: IMPLICATIONS OF DISTRIBUTIONAL ASSUMPTIONS (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20840

DOI: 10.22004/ag.econ.20840

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