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.


Issue Date:
2011
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/98747
Total Pages:
20
JEL Codes:
Q14; Q59




 Record created 2017-04-01, last modified 2017-08-25

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