A common problem in credit risk management is the estimation of probabilities of rare default events in high investment grades, when sufficient default data are not available. In addressing this issue, increasing attention has been paid to the use of continuous time Markov chains for modeling...

The federal government currently runs two major price support programs in agriculture, the marketing loan and countercyclical payment (CCP) programs. While these programs are both targeted at providing producer price protection, they have different political and financial costs associated with...

The federal government currently runs two major price support programs in agriculture, the marketing loan and countercyclical payment (CCP) programs. While these programs are both targeted at providing producer price protection, they have different political and financial costs associated with...