Probability Distributions of Crop Prices, Yields, and Gross Revenue

Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach

Recovering Probability Distributions from Contemporaneous Security Prices

Probability distributions of stock market returns have typically been estimated from historical time series. The possibility of extreme events such as the stock market crash of 1987 makes this a perilous enterprise. Alternative parametric and nonparametric approaches use contemporaneously observed option prices to recover their underlying risk-neutral probability distribution. Parametric method...

Designing Optimal Crop Revenue Insurance

When the indemnity schedule is contingent on the farmer’s price and individual yield, an optimal crop revenue insurance contract depends only on the farmer’s gross revenue. However, this design is not efficient if, as is the case with available contracts, the coverage function is based on imperfect estimators of individual yield and/or price. The producer’s degree of prudence and the extent of ...

Energy Prices and Alberta Government Revenue Volatility

The effect of government size on yields and stock prices in the Tehran Stock Exchange

Without government intervention, grow and achieve high levels of economic wealth is not achievable. Communities where a relatively high level of economic activity has been monopolized by the state, due to bureaucracy, rent-seeking, corruption and inefficiency, have failed to achieve significant economic growth. Easier to say that the involvement of zero or one hundred percent of the state's eco...