PRICING THE REVENUE INSURANCE OF SUGAR APPLE AND BANANA IN TAIWAN: AN ACTUARIAL APPROACH
This paper uses Fratini’s (2017) actuarial approach and the traditional risk neutral approach to price the revenue insurance under the framework of Black Scholes put option pricing. Then, we extend the pricing to include a coverage limit. Further, we also decompose the revenue into price and yield a...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
International Journal of Food and Agricultural Economics
2021-04-01
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| Series: | International Journal of Food and Agricultural Economics |
| Subjects: | |
| Online Access: | https://www.foodandagriculturejournal.com/vol9.no2.pp109.pdf |