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Keywords: Actuarial fairness
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Journal Articles
Journal:
Agricultural Finance Review
Agricultural Finance Review (2019) 79 (4): 467–490.
Published: 15 August 2019
... empirical evidence. The authors also survey current premium-implied distributions both before and after conditioning on the producer’s choice of coverage level. Design/methodology/approach Under an assumption of actuarial fairness, the authors derive expressions for upper and lower bounds for premium...
