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Cálculo del costo de la prima de un seguro contra caída del precio de maíz blanco: Caso Sinaloa. Colegio de Postgraduados
Rivera Silva, Ana Laura.
El presente trabajo compara el costo total de una póliza de seguros para la caída de precios del maíz blanco de Sinaloa contra el costo de la cobertura simple ofrecida por ASERCA. El comportamiento sistemático de los precios fue modelado con un modelo autorregresivo, mientras que la parte aleatoria fue manejada por un ajuste de una distribución de Laplace a los residuales. Los resultados muestran que la prima del seguro por tonelada es al menos tan buena como la prima para ofrecida para la cobertura de ASERCA. El diferencial del costo y el hecho de que una póliza de seguro opera directamente en pesos; muestran que el seguro es una alternativa para la gestión de riesgos en los precios del maíz, con una menor carga a los contribuyentes. _______________...
Palavras-chave: ASERCA; Cobertura; Distribución Laplace; Maíz; Prima; Seguro; Hedging; Insurance; Laplace distribution; Premium; Maestría; Economía.
Ano: 2010 URL: http://hdl.handle.net/10521/196
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Cálculo del costo de la prima de un seguro contra caída del precio de maíz blanco: Caso Sinaloa. Colegio de Postgraduados
Rivera Silva, Ana Laura.
El presente trabajo compara el costo total de una póliza de seguros para la caída de precios del maíz blanco de Sinaloa contra el costo de la cobertura simple ofrecida por ASERCA. El comportamiento sistemático de los precios fue modelado con un modelo autorregresivo, mientras que la parte aleatoria fue manejada por un ajuste de una distribución de Laplace a los residuales. Los resultados muestran que la prima del seguro por tonelada es al menos tan buena como la prima para ofrecida para la cobertura de ASERCA. El diferencial del costo y el hecho de que una póliza de seguro opera directamente en pesos; muestran que el seguro es una alternativa para la gestión de riesgos en los precios del maíz, con una menor carga a los contribuyentes. _______________...
Palavras-chave: ASERCA; Cobertura; Distribución Laplace; Maíz; Prima; Seguro; Hedging; Insurance; Laplace distribution; Premium; Maestría; Economía.
Ano: 2010 URL: http://hdl.handle.net/10521/196
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Dealing with flood damages: will prevention, mitigation, and ex post compensation provide for a resilient triangle? Ecology and Society
Suykens, Cathy; Institute for Environmental and Energy Law, KU Leuven; Utrecht Centre for Water, Oceans and Sustainability Law, Utrecht University; c.b.r.suykens@uu.nl; Priest, Sally J; Flood Hazard Research Centre, Middlesex University; s.priest@mdx.ac.uk; van Doorn-Hoekveld, Willemijn J; Utrecht Centre for Water, Oceans and Sustainability Law, Utrecht University; w.j.hoekveld@uu.nl; Thuillier, Thomas; Laboratory for Studies and Researches on Public Action, Université François-Rabelais (Tours); tthuillier@univ-tours.fr; van Rijswick, Marleen; Utrecht Centre for Water, Oceans and Sustainability Law, Utrecht University; H.vanRijswick@uu.nl.
There is a wealth of literature on the design of ex post compensation mechanisms for natural disasters. However, more research needs to be done on the manner in which these mechanisms could steer citizens toward adopting individual-level preventive and protection measures in the face of flood risks. We have provided a comparative legal analysis of the financial compensation mechanisms following floods, be it through insurance, public funds, or a combination of both, with an empirical focus on Belgium, the Netherlands, England, and France. Similarities and differences between the methods in which these compensation mechanisms for flood damages enhance resilience were analyzed. The comparative analysis especially focused on the link between the recovery...
Tipo: Peer-Reviewed Reports Palavras-chave: Adaptive building; Compensation; Flood mitigation; Flood risk governance; Flood risk prevention; Insurance; Recovery; Resilience.
Ano: 2016
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Sharing as risk pooling in a social dilemma experiment Ecology and Society
Cherry, Todd L.; Appalachian State University; Center for International Climate and Environmental Research (CICERO); cherrytl@appstate.edu; Howe, E. Lance; University of Alaska Anchorage; elhowe@uaa.alaska.edu; Murphy, James J.; University of Alaska Anchorage; Nankai University; Chapman University; murphy@uaa.alaska.edu.
In rural economies with missing or incomplete markets, idiosyncratic risk is frequently pooled through informal networks. Idiosyncratic shocks, however, are not limited to private goods but can also restrict an individual from partaking in or benefiting from a collective activity. In these situations, a group must decide whether to provide insurance to the affected member. We describe results of a laboratory experiment designed to test whether a simple sharing institution can sustain risk pooling in a social dilemma with idiosyncratic risk. We tested whether risk could be pooled without a commitment device and, separately, whether effective risk pooling induced greater cooperation in the social dilemma. We found that even in the absence of a commitment...
Tipo: Peer-Reviewed article Palavras-chave: Collective action; Experimental economics; Idiosyncratic risk; Income smoothing; Insurance; Lab experiment; Public goods; Resource sharing; Risk pooling; Social dilemma; Social-ecological systems; Team production.
Ano: 2015
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Village and Household Economies in India's Semi-arid Tropics Open Agri
S..
Palavras-chave: Tropical zones; Economic systems; Nutritional status (soil); Crop insurance; Arid zones; Nutrient intake; Manpower; Insurance; Sorghum.
Ano: 1984 URL: http://agropedia.iitk.ac.in/openaccess/?q=node/4076
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New Regulations Governing Concentrated Animal Feeding Operations Require New Solutions: Discussion AgEcon
Fleming, Ronald A.; Thomas, Michael H..
This paper discusses the three invited papers presented in the session titled “New Regulations Require New Solutions: Federal Provisions Governing Concentrated Animal Feeding Operations” (i.e., CAFOs). These papers provide an excellent review of current state and federal laws and an excellent summary of what has been and is currently being done with respect to CAFO regulation. The papers present three different policy approaches: i) alternative performance standards, ii) location-specific regulation, and iii) insurance-based underwriting of CAFO discharges. Each approach has its drawbacks; however, blending theses suggested policies into current regulations would result in efficiency gains.
Tipo: Journal Article Palavras-chave: Alternative performance standards; Animal Feeding Operations; Confined Animal Feeding Operations; Environmental quality; Insurance; Livestock; Manure management; Market-based incentives; Regulation; Spatial regulation; D81; K32; Q52; Q55; Q58.
Ano: 2004 URL: http://purl.umn.edu/43349
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Are Our Agricultural Risk Management Tools Adequate for a New Era? AgEcon
Barnett, Barry J.; Coble, Keith H..
Tipo: Journal Article Palavras-chave: Risk; Commodity programs; Insurance; Agricultural Finance; Risk and Uncertainty; D80; G11; Q18.
Ano: 2008 URL: http://purl.umn.edu/94700
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Utilizing Contingent Claims to Improve the Management of CAFOs AgEcon
Gramig, Benjamin M.; Skees, Jerry R.; Black, J. Roy.
We propose a market-based approach to reducing the environmental risk posed by concentrated animal feeding operations (CAFOs). The dual problems of hidden information and hidden action faced by policymakers are considered alongside the competing incentives faced by the CAFO manager in a multiple principal-agent setting. A new approach that uses insurance-like contracts is introduced by use of the specific example of a swine operation with a lagoon-based manure management system. Index-based contingent claims contracts in tandem with third-party auditing and waste hauling options are introduced as a complement to regulatory frameworks designed to reduce negative externalities from production.
Tipo: Journal Article Palavras-chave: Animal feeding operations; Asymmetric information; Environmental risk; Insurance; Public policy; Regulation; D82; G22; L51; Q18; Q25; Q28.
Ano: 2004 URL: http://purl.umn.edu/43346
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Insuring Against Losses from Transgenic Contamination: The Case of Pharmaceutical Maize AgEcon
Ripplinger, David G.; Hayes, Dermot J.; Goggi, Susana; Lamkey, Kendall R..
Concerns about the risk of food supply contamination and the resulting financial losses have limited the development and commercialization of certain pharmaceutical plants. This article develops an insurance pricing model that helps translate these concerns into a cost-benefit analysis. The model first estimates the physical dispersal of maize pollen subject to a number of weather parameters. This distribution is then validated with the limited amount of currently available field trial data. The physical distribution is then used to calculate the premium for a fair-valued insurance policy that would fund the destruction of possibly contaminated fields. The flexible framework can be readily adapted to other crops, management practices, and regions.
Tipo: Working or Discussion Paper Palavras-chave: Contemporaneous fertility; Costs and benefits; Insurance; Pharmaceutical maize; Pollen dispersal; Risks and benefits; Stochastic model..
Ano: 2008 URL: http://purl.umn.edu/37332
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Agricultural Insurance as an Environmental Policy Tool AgEcon
Coble, Keith H.; Hanson, Terrill R.; Miller, J. Corey; Shaik, Saleem.
This paper examines the possibility that insurance for row crops, livestock, and aquaculture can be used effectively to encourage producers to adopt practices that will improve environmental behavior. Examples of agricultural environmental insurance are provided and considered in the context of alternative policy mechanisms. The current state of agricultural insurance and the nonagricultural environmental insurance market are explored. We also lay out the characteristics of an insurable risk along with the theoretical basis of insurance provision. An empirical example of an environmental insurance design is provided, and the behavioral implications of such a design are examined. Finally, we discuss important considerations that should be evaluated...
Tipo: Journal Article Palavras-chave: Environment; Insurance; Liability; D81; G22; H23; K13; Q18.
Ano: 2003 URL: http://purl.umn.edu/43214
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Use of public assistance and private aid by legal and unauthorized immigrants who work in agriculture AgEcon
Moretti, Enrico; Perloff, Jeffrey M..
Tipo: Working or Discussion Paper Palavras-chave: Agricultural labor; Government aid; Immigration; Insurance; Irca; Welfare economics; Labor and Human Capital.
Ano: 1996 URL: http://purl.umn.edu/47284
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ROMANIAN INSURANCE BUSINESS TRENDS AND THE INTERNATIONAL CRISIS EFFECTS ON IT AgEcon
Joldes, Cosmin; Horobet, Alexandra.
Is it interesting a 2 billion euro insurance market for the “old” Europe? “Not very much” one may say considering this figure represents no more than 16% of the insurance turn-over in the case of the most recent entry in the Romanian market, Groupama. The answer is still not as simple as that because “interesting” in business terms is not only about today, but very much about tomorrow. By the end of 2007 it was obvious that the Romanian insurance market is far from calming down. Not only that for the time being change is still the main real constant in use, but figures show that the market environment becomes more challenging than ever these days. The market situation showed that this allegation it was by that time more likely to be true than ever.
Tipo: Journal Article Palavras-chave: Insurance; Trends; Crisis; Change; Strategies; Agricultural Finance; Community/Rural/Urban Development; Financial Economics; Political Economy.
Ano: 2009 URL: http://purl.umn.edu/53533
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Factors Explaining Farmers' Insurance Purchase in the Dutch Dairy Sector AgEcon
Ogurtsov, Victor A.; Van Asseldonk, Marcel A.P.M.; Huirne, Ruud B.M..
This paper analyzed the impact of farm and farmer characteristics on the acceptability to dairy farmers in the Netherlands of an all-risk insurance package and underlying specific categories of insurance coverage. The major farm characteristics considered were structural, operational and financial variables, while farmer age was the major farmer-specific characteristic analyzed. The specific insurance categories reviewed were damage, legal, disability, liability and health insurance. The results suggest that there are common and insurance-specific factors that can improve the design of insurance policies for dairy farmers.
Tipo: Conference Paper or Presentation Palavras-chave: Insurance; Farm characteristics; Risk; Dairy farm; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/7774
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Can Risk Reducing Policies Reduce Farmer's Risk and Improve Their Welfare? AgEcon
Anton, Jesus; Giner, Celine.
This paper develops an analytical model able to represent the decisions of an individual risk averse farmer facing variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration of the model is used to run Monte-Carlo simulations and to obtain optimal responses. The main focus is the interaction between policy measures and market strategies in terms of impacts on production, welfare and risk. Risk reducing strategies that cover different sources of risk, such as price and yield variability, may be complementary for the farmers. Counter-cyclical area payments create incentives to bring land into production and their capacity to reduce farming risk is mitigated by the potential crowding out...
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Welfare; Policy; Insurance; Counter-cyclical; Agricultural and Food Policy; Risk and Uncertainty; D81; Q12.
Ano: 2005 URL: http://purl.umn.edu/24578
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MARKETING AND CROP INSURANCE COMBINED TO MANAGE RISK ON A CASS COUNTY REPRESENTATIVE FARM AgEcon
Clow, Aaron D.; Flaskerud, George K..
This study analyzed the effects that the use of crop insurance products and marketing alternatives had on the gross revenue per acre for an individual farm in Cass County. Crop insurance products and marketing strategies were analyzed individually to determine if they were effective in minimizing down side risk, and combined to determine if integration created synergies. A whole farm scenario analysis was run that included integrated strategies that implemented the same insurance coverage and marketing alternatives for each crop. Several general conclusions can be drawn for situations similar to the representative farm. When analyzed at the individual crop level, the use of crop insurance at the 65 percent level minimizes down side risk in wheat and corn,...
Tipo: Working or Discussion Paper Palavras-chave: Risk; Management; Strategy; Yield; Price; Insurance; Market; Risk and Uncertainty.
Ano: 2001 URL: http://purl.umn.edu/23517
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Risk Management in Smallholder Cattle Farming: A Hypothetical Insurance Approach in Western Kenya AgEcon
Otieno, David Jakinda; Oluoch-Kosura, Willis; Karugia, Joseph Thuo; Drucker, Adam G.; Rege, Edward.
Smallholder cattle farming is an important livelihood strategy in most developing countries like Kenya. However, tropical diseases in Africa often wipe out these valuable assets. This paper focuses on mitigation of cattle disease risks through a hypothetical insurance scheme. The study is based on data from a survey conducted on a purposive sample of 300 smallholder cattle farmers in Kakamega and Siaya districts of Western Kenya. Descriptive measures and a regression model were used in the analysis. Results of the study showed that most farmers (91.3%) were willing to participate in the cattle insurance scheme. Also, the farmers observed that the scheme would enable them to increase their herd sizes and change their breed composition. The farmer's mean...
Tipo: Conference Paper or Presentation Palavras-chave: Cattle; Smallholder livelihoods; Disease risks; Insurance; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2006 URL: http://purl.umn.edu/25489
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INSURING AGAINST LOSSES FROM TRANSGENIC CONTAMINATION AgEcon
Ripplinger, David G.; Hayes, Dermot J.; Lamkey, Kendall R..
Concerns about contamination of the food supply and the financial losses that would result have limited the promise of certain genetically engineered plants. This article addresses the situation by constructing an insurance pricing model to protect against those losses. The model first estimates the physical dispersal of corn pollen subject to a number of parameters. This physical distribution is then used to calculate the premium for fair valued insurance that would be necessary to destroy contaminated fields. The flexible framework can be readily adapted to other crops, management practices, and regions.
Tipo: Conference Paper or Presentation Palavras-chave: Contemporaneous fertility; Insurance; Lagrangian stochastic model; Pharmaceutical-corn; Pollen dispersal; Crop Production/Industries; Risk and Uncertainty.
Ano: 2004 URL: http://purl.umn.edu/20350
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Excluded Losses and the Demand for Insurance (PowerPoint) AgEcon
Meyer, Donald J.; Meyer, Jack.
Tipo: Conference Paper or Presentation Palavras-chave: Risk; Insurance; Decision-making; Risk and Uncertainty; D81.
Ano: 2009 URL: http://purl.umn.edu/48907
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Direct payments, crop insurance and the volatility of farm income. Some evidence in France and in Italy AgEcon
Enjolras, Geoffroy; Capitanio, Fabian; Aubert, Magali; Adinolfi, Felice.
Volatility of farm income represents a major challenge for farm management and the design of public policies. This paper measures the extent to which risk management tools, especially direct payments and crop insurance, can significantly reduce crop income volatility in France and in Italy. We use an original dataset of 9,555 farms for the period 2003-2007 drawn up from the Farm Accountancy Data Network (FADN) and three different econometric models to explain the volatility of crop income. The results are contrasted between the specialization of the farms and the two countries: Italian farms use management tools (CAP payments and crop insurance) so as to improve their income and to reduce its volatility (crop insurance, inputs). French farms use the same...
Tipo: Presentation Palavras-chave: Volatility; Direct payments; Insurance; France; Italy; FADN; Risk and Uncertainty; G22; Q14; Q18.
Ano: 2012 URL: http://purl.umn.edu/122478
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An Analysis of an Alliance: NAFTA Trucking and the US Insurance Industry AgEcon
Condon, Bradly; Sinha, Tapen.
In the NAFTA, the United States agreed to phase out restrictions on the operation of Mexican trucking companies in the United States. When the deadlines came, the Clinton Administration chose to maintain the restrictions. Following a NAFTA panel ruling against the United States, the Bush Administration announced it would remove the restrictions. The decision has met with opposition from both truckers and insurers in the United States, who cite safety concerns. This article examines the economic, political and legal forces at work in this debate, as well as the relationship between the NAFTA and WTO rules on trade in services that apply.
Tipo: Journal Article Palavras-chave: NAFTA; Insurance; Trucking; WTO; International Relations/Trade.
Ano: 2001 URL: http://purl.umn.edu/23873
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