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An application of geographically weighted quantile LASSO to weather index insurance design

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  • Lima Miquelluti, Daniel
  • Ozaki, Vitor
  • Miquelluti, David J.

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  • Lima Miquelluti, Daniel & Ozaki, Vitor & Miquelluti, David J., 2020. "An application of geographically weighted quantile LASSO to weather index insurance design," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304288, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea20:304288
    DOI: 10.22004/ag.econ.304288
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    1. Antoine Leblois & Philippe Quirion & Agali Alhassane & Seydou Traoré, 2014. "Weather Index Drought Insurance: An Ex Ante Evaluation for Millet Growers in Niger," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(4), pages 527-551, April.
    2. Ozaki, Vitor Augusto & Shirota, Ricardo, 2005. "Um estudo da viabilidade de um programa de seguro agrícola baseado em um índice de produtividade regional em Castro (PR)," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 43(3), pages 1-19, September.
    3. Michael R. CARTER & Alain de JANVRY & Elisabeth SADOULET & Alexandros SARRIS, 2014. "Index-based weather insurance for developing countries: A review of evidence and a set of propositions for up-scaling," Working Papers P111, FERDI.
    4. Gine, Xavier & Menand, Lev & Townsend, Robert & Vickery, James, 2010. "Microinsurance : a case study of the Indian rainfall index insurance market," Policy Research Working Paper Series 5459, The World Bank.
    5. Paul Gallagher, 1987. "U.S. Soybean Yields: Estimation and Forecasting with Nonsymmetric Disturbances," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(4), pages 796-803.
    6. Kevin Dowd & John Cotter & Ghulam Sorwar, 2008. "Spectral Risk Measures: Properties and Limitations," Journal of Financial Services Research, Springer;Western Finance Association, vol. 34(1), pages 61-75, August.
    7. Jerry R. Skees & J. Roy Black & Barry J. Barnett, 1997. "Designing and Rating an Area Yield Crop Insurance Contract," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 430-438.
    8. Acerbi, Carlo, 2002. "Spectral measures of risk: A coherent representation of subjective risk aversion," Journal of Banking & Finance, Elsevier, vol. 26(7), pages 1505-1518, July.
    9. John Cotter & Kevin Dowd, 2010. "Estimating financial risk measures for futures positions: A nonparametric approach," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 30(7), pages 689-703, July.
    10. Harold G. Halcrow, 1949. "Actuarial Structures for Crop Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(3), pages 418-443.
    11. Nathaniel Jensen & Christopher Barrett, 2017. "Agricultural Index Insurance for Development," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 39(2), pages 199-219.
    12. Mario J. Miranda & Katie Farrin, 2012. "Index Insurance for Developing Countries," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 34(3), pages 391-427.
    13. Jerry R. Skees & Jason Hartell & Anne G. Murphy, 2007. "Using Index-Based Risk Transfer Products to Facilitate Micro Lending in Peru and Vietnam," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(5), pages 1255-1261.
    14. Gislaine V. Duarte & Altemir Braga & Daniel L. Miquelluti & Vitor A. Ozaki, 2018. "Modeling of soybean yield using symmetric, asymmetric and bimodal distributions: implications for crop insurance," Journal of Applied Statistics, Taylor & Francis Journals, vol. 45(11), pages 1920-1937, August.
    15. Teresa Maestro & Barry J. Barnett & Keith H. Coble & Alberto Garrido & María Bielza, 2016. "Drought Index Insurance for the Central Valley Project in California," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 38(3), pages 521-545.
    16. Anna, Petrenko, 2016. "Мaркування готової продукції як складова частина інформаційного забезпечення маркетингової діяльності підприємств овочепродуктового підкомплексу," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 2(1), March.
    17. Barry K. Goodwin & Monte L. Vandeveer & John L. Deal, 2004. "An Empirical Analysis of Acreage Effects of Participation in the Federal Crop Insurance Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(4), pages 1058-1077.
    18. Jing Cai, 2016. "The Impact of Insurance Provision on Household Production and Financial Decisions," American Economic Journal: Economic Policy, American Economic Association, vol. 8(2), pages 44-88, May.
    19. Benjamin Collier & Jerry Skees & Barry Barnett, 2009. "Weather Index Insurance and Climate Change: Opportunities and Challenges in Lower Income Countries," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 34(3), pages 401-424, July.
    20. Sorwar, Ghulam & Dowd, Kevin, 2010. "Estimating financial risk measures for options," Journal of Banking & Finance, Elsevier, vol. 34(8), pages 1982-1992, August.
    21. Mario J. Miranda, 1991. "Area-Yield Crop Insurance Reconsidered," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 233-242.
    22. Schnitkey, Gary, 2014. "Area Risk Protection Insurance Policy: Comparison to Group Plans," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 4, January.
    23. Fan J. & Li R., 2001. "Variable Selection via Nonconcave Penalized Likelihood and its Oracle Properties," Journal of the American Statistical Association, American Statistical Association, vol. 96, pages 1348-1360, December.
    24. Sarah Conradt & Robert Finger & Raushan Bokusheva, 2015. "Tailored to the extremes: Quantile regression for index-based insurance contract design," Agricultural Economics, International Association of Agricultural Economists, vol. 46(4), pages 537-547, July.
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    Keywords

    Agricultural Finance; Risk and Uncertainty; Research Methods/Statistical Methods;
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