COMPARING THE REVENUE RISK REDUCTION OF A RAINFALL INDEX INSURANCE CONTRACT USING VALUE-AT RISK AND DISPERSION MEASURES OF RISK

Ibrahim Bamba

No 34596, 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma from Southern Agricultural Economics Association

Abstract: Tail risk measures such as the Value-at-Risk (VaR) are being advocated as conceptually appropriate statistical and economical alternatives to dispersion measures of risk. VaR and dispersion risk measures are applied to assess the revenue risk reduction potential of an index rainfall insurance. VaR and dispersion measures indicate that a Rainfall Index Insurance Contract reduces revenue risk.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeaft:34596

DOI: 10.22004/ag.econ.34596

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