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CROP INSURANCE VALUATION UNDER ALTERNATIVE YIELD DISTRIBUTIONS
| Content Provider | AgEcon Search |
|---|---|
| Author | Zanini, Fabio C. Sherrick, Bruce J. Schnitkey, Gary D. Irwin, Scott H. |
| Abstract | Considerable disagreement exists about the most appropriate characterization of farm-level yield distributions. Yet, the economic importance of alternate yield distribution specifications on insurance valuation, product designs and farm-level risk management has not been investigated or documented. The results of this study demonstrate that large differences in expected payments from popular crop insurance products can arise solely from the parameterization chosen to represent yields. The results suggest that the frequently unexamined yield distribution specification may lead to incorrect conclusions in important areas of insurance and risk management research such as policy rating, and assessment of expected payments from policies. |
| Related Links | https://ageconsearch.umn.edu/record/18953/files/cp01za01.pdf |
| Page Count | 39 |
| File Format | |
| DOI | 10.22004/ag.econ.18953 |
| Language | English |
| Publisher Date | 2001-01-01 |
| Access Restriction | Open |
| Subject Keyword | Applied Economics Agricultural Economics Agri-economic Open Access Database Research in Applied Economics Research in Agricultural Economics Higher Study On Agricultural Economics Higher Study On Applied Economics Agricultural Research Documents Agrarian Economy & Research Higher Study Agri-economics Research in Economics Agri-economic Open Access Repository Statistics in Agricultural Economics Risk and Uncertainty |
| Content Type | Text |
| Resource Type | Article |
| Subject | Economics, Econometrics and Finance |