Enjolras, Geoffroy; Kast, Robert; Sentis, Patrick - LAboratoire Montpelliérain d'Économie Théorique et … - 2009
Diversification is the traditional way farmers use to hedge against crop yield variations. However, most insurance policies and financial contracts do not take into account this strategy in their design. In this context, we develop a of portfolio insurance model based on area-yield crop indices....