Risk Analysis Under Correlated, Non-Normal Price And Yield Probability Distributions
Recently developed techniques are combined for modeling mutually correlated crop yields and prices that exhibit heteroscedasticity and autocorrelation, respectively, and follow non-normal probability density functions (pdf's). The importance rigorously modeling these pdf's for financial risk analysis is illustrated through a case study of tropical agroforestry systems for coffee production.
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- Meyer, Jack, 1977. "Choice among distributions," Journal of Economic Theory, Elsevier, vol. 14(2), pages 326-336, April.
- Bruce A. Babcock & David A. Hennessy, 1996.
"Input Demand under Yield and Revenue Insurance,"
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- Babcock, Bruce A. & Hennessy, David A., 1996. "Input Demand Under Yield and Revenue Insurance," Staff General Research Papers 794, Iowa State University, Department of Economics.
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