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

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.


Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/34596
Total Pages:
20
Note:
Replaced with revised version of paper 01/29/04.
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-08-25

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