Concerns about contamination of the food supply and the financial losses that would result have limited the promise of certain genetically engineered plants. This article addresses the situation by constructing an insurance pricing model to protect against those losses. The model first estimates...

We construct a confined Langevin type process aimed to satisfy a mean no-permeability condition at the boundary. This Langevin process lies in the class of conditional McKean Lagrangian stochastic models studied by Bossy, Jabir and Talay (2010) [5]. The confined process considered here is a...