Liu, Chia-Lan; Richardson, James W.; Leatham, David J. - 2011
. The purpose of this paper is to estimate a fair insurance premium based on the historical yields of the Dungeness crab … to purchase crop insurance. An important input into the fair insurance premium estimation is the yield distribution … nonparametric distributions (Sherrick et al) and the insured price to estimate the insurance premium. The premium refers to the …