Weather Derivatives as Risk Management Tool in Ecuador: A Case Study of Rice Production

This 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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Year of publication:	2011
Authors:	Vedenov, Dmitry V. ; Sanchez, Leonardo
Institutions:	Southern Agricultural Economics Association - SAEA
Subject:	agricultural risk management \| index insurance \| weather derivatives \| copula approach \| rice production \| Agribusiness \| Crop Production/Industries \| Risk and Uncertainty

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Extent:	application/pdf
Series:	2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas Number 98747
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008922649