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    National Tsing Hua University Institutional Repository > 科技管理學院  > 計量財務金融學系 > 會議論文 >  Modeling Yield Distribution In High Risk Counties: Application To Texas Upland Cotton

    Please use this identifier to cite or link to this item: http://nthur.lib.nthu.edu.tw/dspace/handle/987654321/62022

    Title: Modeling Yield Distribution In High Risk Counties: Application To Texas Upland Cotton
    Authors: Chen, Shu-Ling;Miranda, Mario J.
    教師: 陳淑玲
    Date: 2006
    Publisher: American Agricultural Economics Association
    Relation: American Agricultural Economics Association>2006 Annual meeting,American Agricultural Economics Association, July 23-26, Long Beach, CA
    Keywords: Risk
    Abstract: Very little attention has been given to the modeling of yield distribution for crops and regions in which yields exhibit irregular behavior. We undertake a statistical case study of Texas upland cotton and propose an alternative mixture distribution based on regime-switching model in which the conditional distribution of yield depends upon an observable drought index. The results show that the mixture distribution model provides a better fit to the data than conventional parametric distributions and produces higher implied premium rates than the current published Group Risk Plan insurance rates in more than two-thirds of Texas counties examined.
    URI: http://ageconsearch.umn.edu/bitstream/21392/1/sp06ch03.pdf
    Appears in Collections:[計量財務金融學系] 會議論文

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