The design and pricing of weather-based crop insurance and weather derivatives is strongly based on an implicit assumption that the dependence structure between yields and weather variables remains unchanged over time. In this paper, we prove this assumption based on empirical time series of...

The paper evaluates the effectiveness ofseveral index-based crop insurance schemes bycomparing results from two alternative evaluationapproaches. We apply the common ex post approachfrom the literature by specifying and evaluatinginsurance contracts by means of the data for the samehistorical...

The paper evaluates the effectiveness of several index-based crop insurance schemes by comparing results from two alternative evaluation approaches. We apply the common ex post approach from the literature by specifying and evaluating insurance contracts by means of the data for the same...