Input Demand under Yield and Revenue Insurance

Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach

On the Premium for Revenue Insurance under Joint Price and Yield Risk

This note provides two results pertaining to the pricing of agricultural revenue insurance contracts under joint price and yield risk. First, a weakening of the concordance ordering is used to sign the effect of greater dependence between the multiplicative risks (price and yield) on the expected indemnity payment. Second, sufficient conditions are found when the premium rate for revenue insura...

Optimizing revenue in CDMA networks under demand uncertainty

Code division multiple access (CDMA) networks allow subscribers to share frequencies, so optimizing revenue involves reserving channel equivalents to each market subject to signal-tointerference constraints at the radio towers. We present a yield management model inspired by those from the airline industry to optimize revenue under uncertainty. We describe the optimality conditions and develop ...

Unconstraining Methods for Revenue Management Systems under Small Demand

Hedging Price Risk in the Presence of Crop Yield and Revenue Insurance by

The demand for hedging against price uncertainty in the presence of crop yield and revenue insurance contracts is examined for French wheat farms. The rationale for the use of options in addition to futures is first highlighted through the characterization of the first-best hedging strategy in the expected utility framework. It is then illustrated using numerical simulations. The presence of op...