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Adaptive local parametric estimation of crop yields: implication for crop insurance ratemaking

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  • Shen, Zhiwei

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  • Shen, Zhiwei, 2016. "Adaptive local parametric estimation of crop yields: implication for crop insurance ratemaking," 156th Seminar, October 4, 2016, Wageningen, The Netherlands 249984, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaa156:249984
    DOI: 10.22004/ag.econ.249984
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    2. Miguel A. Carriquiry & Daniel E. Osgood, 2012. "Index Insurance, Probabilistic Climate Forecasts, and Production," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 79(1), pages 287-300, March.
    3. Miguel Carriquiry & Daniel E. Osgood, 2008. "Index Insurance, Probabilistic Climate Forecasts, and Production," Center for Agricultural and Rural Development (CARD) Publications 08-wp465, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    4. Vitor A. Ozaki & Sujit K. Ghosh & Barry K. Goodwin & Ricardo Shirota, 2008. "Spatio-Temporal Modeling of Agricultural Yield Data with an Application to Pricing Crop Insurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(4), pages 951-961.
    5. Tian Yu & Bruce A. Babcock, 2010. "Are U.S. Corn and Soybeans Becoming More Drought Tolerant?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(5), pages 1310-1323.
    6. Chen, Ying & Niu, Linlin, 2014. "Adaptive dynamic Nelson–Siegel term structure model with applications," Journal of Econometrics, Elsevier, vol. 180(1), pages 98-115.
    7. Woodard, Joshua D. & Sherrick, Bruce J. & Schnitkey, Gary D., 2011. "Actuarial Impacts of Loss Cost Ratio Ratemaking in U.S. Crop Insurance Programs," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(1), pages 1-18, April.
    8. Alan P. Ker & Tor N. Tolhurst & Yong Liu, 2016. "Bayesian Estimation of Possibly Similar Yield Densities: Implications for Rating Crop Insurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(2), pages 360-382.
    9. Michael S. Kaylen & Suffyanu S. Koroma, 1991. "Trend, Weather Variables, and the Distribution of U.S. Corn Yields," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 13(2), pages 249-258.
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    11. Alan P. Ker & Keith Coble, 2003. "Modeling Conditional Yield Densities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 291-304.
    12. Richard E. Just & Quinn Weninger, 1999. "Are Crop Yields Normally Distributed?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(2), pages 287-304.
    13. Chen, Ying & Härdle, Wolfgang Karl & Pigorsch, Uta, 2010. "Localized Realized Volatility Modeling," Journal of the American Statistical Association, American Statistical Association, vol. 105(492), pages 1376-1393.
    14. Tor N. Tolhurst & Alan P. Ker, 2015. "On Technological Change in Crop Yields," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(1), pages 137-158.
    15. Ardian Harri & Keith H. Coble & Alan P. Ker & Barry J. Goodwin, 2011. "Relaxing Heteroscedasticity Assumptions in Area-Yield Crop Insurance Rating," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(3), pages 703-713.
    16. Bailey Norwood & Matthew C. Roberts & Jayson L. Lusk, 2004. "Ranking Crop Yield Models Using Out-of-Sample Likelihood Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(4), pages 1032-1043.
    17. P. Čížek & W. Härdle & V. Spokoiny, 2009. "Adaptive pointwise estimation in time-inhomogeneous conditional heteroscedasticity models," Econometrics Journal, Royal Economic Society, vol. 12(2), pages 248-271, July.
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    19. Wolfgang K. Härdle & Nikolaus Hautsch & Andrija Mihoci, 2015. "Local Adaptive Multiplicative Error Models for High‐Frequency Forecasts," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 30(4), pages 529-550, June.
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    21. Zhu, Ying & Goodwin, Barry K. & Ghosh, Sujit K., 2011. "Modeling Yield Risk Under Technological Change: Dynamic Yield Distributions and the U.S. Crop Insurance Program," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(1), pages 1-19, April.
    22. Barry K. Goodwin & Alan P. Ker, 1998. "Nonparametric Estimation of Crop Yield Distributions: Implications for Rating Group-Risk Crop Insurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 139-153.
    23. Joseph Atwood & Saleem Shaik & Myles Watts, 2003. "Are Crop Yields Normally Distributed? A Reexamination," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(4), pages 888-901.
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    Cited by:

    1. Helbing, Georg & Shen, Zhiwei & Odening, Martin & Ritter, Matthias, 2017. "Estimating Location Values of Agricultural Land," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 66(3), September.

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    Farm Management; Risk and Uncertainty;

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