COMPARING THE REVENUE RISK REDUCTION OF A RAINFALL INDEX INSURANCE CONTRACT USING VALUE-AT RISK AND DISPERSION MEASURES OF RISK
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Tail risk measures such as the Value-at-Risk (VaR) are being advocated as conceptually appropriate statistical and economical alternatives to dispersion measures of risk. VaR and dispersion risk measures are applied to assess the revenue risk reduction potential of an index rainfall insurance. VaR and dispersion measures indicate that a Rainfall Index Insurance Contract reduces revenue risk.