We modify the compound Poisson surplus model for an insurer by including liquid reserves and interest on the surplus. When the surplus of an insurer is below a fixed level, the surplus is kept as liquid reserves, which do not earn interest. When the surplus attains the level, the excess of the surplus over the level will receive interest at a constant rate. If the level goes to infinity, the mo...

agricultural sector will be most affected by climate change due to its extensive interaction with the environment. and as a result of changing production conditions, community welfare is changed. this study attempted at understanding the welfare effects of changes in climate parameters on the wheat product. therefore, the yield functions were initially estimated. supply, demand and import funct...