Estimating Crop Yield Insurance Premium Rates

Estimation of crop yield distribution and Insurance Premium using Shrinkage Estimator: A Hierarchical Bayes and Small Area Estimation Approach

Selected Paper prepared for presentation at the Agricultural & Applied Economics Association’s Annual Meeting,Seattle, Washington, August 12-14, 2012. Copyright 2012 by Sebastain N. Awondo,Gauri S. Datta,Octavio A. Ramirez, and Esendugue G. Fonsah. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice...

Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach

Estimating the Equity Premium

Existing empirical research investigating the size of the equity premium has largely consisted of a series of innovations around a common theme: producing a better estimate of the equity premium by using better data or a better estimation technique. The equity premium estimate that emerges from most of this work matches one moment of the data alone: the mean difference between an estimate of th...

Estimating the Equity Premium

To estimate the equity premium, it is helpful to use finance theory: not the old-fashioned theory that efficient markets imply a constant equity premium, but theory that restricts the time-series behavior of valuation ratios, and that links the cross-section of stock prices to the level of the equity premium. Under plausible conditions, valuation ratios such as the dividend-price ratio should n...

Estimating the Equity Premium

To estimate the equity premium, it is helpful to use finance theory: not the old-fashioned theory that efficient markets imply a constant equity premium, but theory that restricts the time-series behavior of valuation ratios, and that links the cross-section of stock prices to the level of the equity premium. Under plausible conditions, valuation ratios such as the dividend-price ratio should n...