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Building on recent work by Mirand and Glauber (1997), this report shows that it is feasible to use exchange-based contracts as a substitute for the Standard Reinsurance Agreement (SRA). The contract we analyze here is a Group Revenue Contract, which would allow producers to guarantee against...
Persistent link: https://www.econbiz.de/10009443087
The delegation-agent models in agricultural assurance are established both under the circumstances of information symmetry and information asymmetry. Insurers choose effort level —a* according to the first order optimal condition of at the present stage when the information is symmetric. While...
Persistent link: https://www.econbiz.de/10009443692
En 2003 y 2004, se ofreció por primera vez en España un seguro que protege contra la caída de precios en origen de un producto agrícola. Se trata de un seguro de rentas lanzado con carácter piloto para las producciones de patata de media estación y patata tardía en cinco provincias...
Persistent link: https://www.econbiz.de/10009444100
RESUMEN: En este artículo se analizan un conjunto de políticas de estabilización de los ingresos de los productores olivareros españoles, entre las que se incluyen seguros de rendimientos e ingresos. En teoría y bajo ciertos supuestos, la estabilización de los ingresos con un seguro de...
Persistent link: https://www.econbiz.de/10009444107
In this paper, we derive estimates for willingness to pay for rainfall-index based insurance contracts. Surveys were undertaken in four regions in Morocco, representing different mean and variability of rainfall conditions. Results indicate that respondents in the high variability regions...
Persistent link: https://www.econbiz.de/10009446830
We use the actual insurance records of 52,300 farmers and 11 years to estimate two sets of insurance demands. We define measures of insurance's expected returns, variance and third moment, based on observed insurance data, and infer the expected returns for those farmers that have never had an...
Persistent link: https://www.econbiz.de/10009483600
The United States leads the world in agricultural biotechnology research, adoption, commercialization, and exports. Our biotech commodities are highly dependent on international markets. Thus, any biotech policy changes by key importing countries may affect U.S. agricultural biotech product...
Persistent link: https://www.econbiz.de/10009445626
among theinternal and external prices of the cotton of january of 1990 to february of 2009. Forthat, they were employees the … of the analyzed samples, indicating that variations of price of the cotton happened at a market is reviewed to the other …
Persistent link: https://www.econbiz.de/10009445893
the crude oil market. In the long-run, around 2-7 percent of the variability in grains, oilseeds, and cotton prices can be …
Persistent link: https://www.econbiz.de/10009446084
Traders, on the well-functioning of futures markets and underlyingcommodity markets. Cotton is a relatively under … changes in cotton economic fundamentals? (2) Have seasonaland long-run patterns of convenience yield and price volatility … suggest that traditional, well-established economicrelationships for cotton futures markets clearly have been disrupted during …
Persistent link: https://www.econbiz.de/10009446392