Modeling Dependence in the Design of Crop Insurance Contracts
Crop Insurance and Modeling Dependence
In crop insurance it is necessary to understand how underlying risk variability arises from changes in prices, yields, or both. Typically, agricultural risks are not isolated from one another. The underlying risks are dependent in different dimensions, such as time dependence, portfolio dependence, and spatial dependence. Thus, it is important to be able to adequately model dependence with multivariate outcomes. Ignoring dependencies can lead to possibly biased and inefficient estimates of the risk. This study provides a comprehensive and in-depth economic and statistical analysis of various risk in agriculture, especially the dependence…
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Produktdetails
Weitere Autoren: Goodwin, Barry K. / Ghosh, Sujit K.
- ISBN: 978-3-639-70819-6
- EAN: 9783639708196
- Produktnummer: 37632557
- Verlag: Scholars' Press
- Sprache: Englisch
- Erscheinungsjahr: 2014
- Seitenangabe: 152 S.
- Masse: H22.0 cm x B15.0 cm x D0.9 cm 244 g
- Abbildungen: Paperback
- Gewicht: 244
Über den Autor
Ying Zhu, PhD in Economics, studied Economics at North Carolina State University. Research Statistician at SAS Institute, North Carolina.
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