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Ex-ante evaluation of weather-based index insurance and area-yield insurance for reducing crop yield risk AgEcon
Bokusheva, Raushan; Breustedt, Gunnar; Heidelbach, Olaf.
The study introduces an ex-ante evaluation concept into the analysis of weather-based index insurance effectiveness. We conduct our ex ante analysis by distinguishing between two consecutive periods: the first period is used for determining insurance parameters and optimal number of insurance contracts for an arable farmer; and the subsequent one is considered for the evaluation of the risk reduction due to the insurance contract defined in the first period. The study also employs the common ex-post approach by specifying and evaluating insurance contracts by means of the same period. We compare the empirical results obtained from these alternative evaluation approaches and thus investigate the ability to forecast empirically insurance schemes risk...
Tipo: Conference Paper or Presentation Palavras-chave: Crop insurance; Ex-ante analysis; Kazakhstan weather-based index insurance; Crop Production/Industries; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/9250
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