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We find that the supply of and demand for insurance for tree crops is much larger than for non-tree crops. Crop … for these specialty crops has little benefit for consumers, even when it generates a large supply response …
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The present dissertation is twofold and takes up several issues in two separate and independent articles. In chapter II, the hedging effectiveness of weather index-based insurance with regard to aggregation biases in the underlying risk exposure of aggregated yield time series is presented. The...
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