... and further contribute to increased market liquidity. One prerequisite for their establishment is the availability of a transparent pricing framework. This paper aims to identify such a framework for derivatives on a farmland index. Design/methodology/approach The study reviews the current state...

...Lysa Porth; Wenjun Zhu; Ken Seng Tan Purpose – The purpose of this paper is to address some of the fundamental issues surrounding crop insurance ratemaking, from the perspective of the reinsurer, through the development of a scientific pricing framework. Design/methodology/approach...

...Dasheng Ji; B. Wade Brorsen Purpose The purpose of this paper is to develop an option pricing model applicable to US options. The lognormality assumption that has typically been imposed with past binomial and trinomial option pricing models is relaxed. The relaxed lattice model is then used...