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Title: Big assumptions for small samples in crop insurance
Author: Hungerford, Ashley Elaine; Goodwin, Barry;
Source: Emerald Group Publishing Limited
Publication Series: Scientific Journal (JRNL)
Description: The purpose of this paper is to investigate the effects of crop insurance premiums being determined by small samples of yields that are spatially correlated. If spatial autocorrelation and small sample size are not properly accounted for in premium ratings, the premium rates may inaccurately reflect the risk of a loss.
Keywords: Crop insurance, Bootstrap, Copula, Spatial autocorrelation, Systemic risk, Yield distribution
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Hungerford, Ashley Elaine; Goodwin, Barry. 2014. Big assumptions for small samples in crop insurance. Emerald Group Publishing Limited Vol. 74, Issue 4, p. 477-491.
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