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Measurement Of Price Risk In Revenue Insurance: Implications Of Distributional Assumptions

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  • Roberts, Matthew C.
  • Goodwin, Barry K.
  • Coble, Keith H.

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.

Suggested Citation

  • Roberts, Matthew C. & Goodwin, Barry K. & Coble, Keith H., 1998. "Measurement Of Price Risk In Revenue Insurance: Implications Of Distributional Assumptions," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20840, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20840
    DOI: 10.22004/ag.econ.20840
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    References listed on IDEAS

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