Weather Derivatives as Risk Management Tool in Ecuador: A Case Study of Rice Production
AbstractThis paper analyzes efficiency of weather derivatives as insurance instruments for rice in Ecuador. Weather derivatives were constructed for each county/season combination. Complicated weather models were estimated for the index, and a copula approach was used to get the probability distributions. We find Risk-reducing efficiency varies across county and season.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas with number 98747.
Date of creation: 2011
Date of revision:
agricultural risk management; index insurance; weather derivatives; copula approach; rice production; Agribusiness; Crop Production/Industries; Risk and Uncertainty; Q14; Q59;
Find related papers by JEL classification:
- Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
- Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-04-16 (Agricultural Economics)
- NEP-ALL-2011-04-16 (All new papers)
- NEP-IAS-2011-04-16 (Insurance Economics)
- NEP-RMG-2011-04-16 (Risk Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Marcel Fafchamps & Susan Lund, .
"Risk Sharing Networks in Rural Philippines,"
97014, Stanford University, Department of Economics.
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