Modeling the Tail Distribution and Ratemaking: An Application of Extreme Value Theory

Economic analysis of weather risk often depends on accurate assessment of the probability (P) of tail quantiles (Q). Extreme value theory can provide a promising estimation of the tail part risk and this paper intends to apply the extreme value model to estimate the tail risk on India excess rainfall.

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Year of publication:	2005
Authors:	Hao, Jianqiang ; Bathke, Arne ; Skees, Jerry R.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Research Methods/ Statistical Methods

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Extent:	application/pdf
Series:	2005 Annual meeting, July 24-27, Providence, RI.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2005 Annual meeting, July 24-27, Providence, RI Number 19190
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005477048