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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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Expanding the National Flood Insurance Program to Cover Coastal Erosion Damage AgEcon
Keeler, Andrew G.; Kriesel, Warren; Landry, Craig E..
This paper uses the results of a nationwide survey of coastal property owners to estimate the demand for insurance against erosion damage. The National Flood Insurance Program (NFIP) does not technically cover such damage, although in practice there is considerable uncertainty about this point. The ability to insure against such losses has implications for the choice of beach management strategies and for NFIP management. We find significant demand for insurance at prices in the range of current flood insurance premiums, although median willingness to pay appears to be less than cost of providing such insurance.
Tipo: Journal Article Palavras-chave: Coastal erosion; Insurance; Risk; Q24; G22; H41.
Ano: 2003 URL: http://purl.umn.edu/43199
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Insuring Rural China's Health? An Empirical Analysis of China's New Cooperative Medical System AgEcon
Zhang, Linxiu; Wang, H. Holly; Rozelle, Scott; Yan, Yuanyuan.
Although health is an important factor in economic development, millions of China's rural residents have no medical coverage. Nearly 10 percent of those that were sick in rural China consciously did not seek medical care, mostly because of financial constraints. More than 25% of rural residents are dissatisfied with their village's health system. In response to this deteriorating situation, a new cooperative medical system (NCMS) was initialized in rural China in 2003 by the government. However, after two years of trials, there has been no household-based, economic analysis of the program. This paper provides one of the first. Although where introduced, most rural residents voluntarily participate, there are many problems with the program. First, at least...
Tipo: Conference Paper or Presentation Palavras-chave: Rural Health; Insurance; Targeting; Design Problems; China; Health Economics and Policy; I11; O15; O53.
Ano: 2006 URL: http://purl.umn.edu/25586
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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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Food Security: An Insurance Approach AgEcon
Konandreas, Panos A.; Huddleston, Barbara; Virabongsa, Ramabgkura.
The International Food Policy Research Institute’s early efforts have shown dramatically what an immense food problem the Third World and the globe generally face over the next decades. Solution to that problem requires a major commitment of resource and the political will to back up that commitment on the part of developing and developed countries alike. But, even if that commitment is made, it is becoming increasingly apparent that lack of purchasing power in the hands of the poor not only stands in the way of reaching the objective f adequate diets for all, but may also prevent latent demand from making itself felt through remunerative prices, production may ot grow at the rate required to meet the true food needs of the world’s population a decade or...
Tipo: Report Palavras-chave: Underdeveloped areas; Food supplies; Insurance; Food Security and Poverty.
Ano: 1978 URL: http://purl.umn.edu/42224
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Intrahousehold Resource Allocation in Cote D'Ivoire: Social Norms, Separate Accounts and Consumption Choices AgEcon
Duflo, Esther; Udry, Christopher R..
In Cote d'Ivoire, as in much of Africa, husbands and wives farm different crops on separate plots. These different crops are differentially sensitive to particular kinds of rainfall shocks. We find that conditional on overall household expenditure, the composition of expenditure is sensitive to the gender of the recipient of a rainfall shock. For example, rainfall shocks associated with high women's income shift expenditure towards food. Social norms constrain the use of profits from yam cultivation, which is carried out by men. Correspondingly, we find that rainfall-induced fluctuations in income from yams are transmitted to expenditures on education and food, not to expenditures on private goods. We reject the hypothesis of complete insurance within...
Tipo: Working or Discussion Paper Palavras-chave: Intra-household allocation; Insurance; Social norms; Mental accounts; Consumer/Household Economics; O12; D13.
Ano: 2003 URL: http://purl.umn.edu/28404
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Basis Risk and Weather Hedging Effectiveness AgEcon
Woodard, Joshua D.; Garcia, Philip.
Basis risk has been cited as a primary concern for implementing weather hedges. This study investigates several dimensions of weather basis risk for the U.S. corn market at various levels of aggregation. The results suggest that while the degree of geographic basis risk may be significant in some instances, it should not preclude the use of geographic cross-hedging. In addition, the degree to which geographic basis risk impedes effective hedging diminishes as the level of spatial aggregation increases. In fact, geographic basis risk is actually negative in the case most representative of a reinsurance hedge, and the reduction in risk from employing straightforward temperature derivatives is significant. Finally, precipitation hedges are found to introduce...
Tipo: Conference Paper or Presentation Palavras-chave: Weather Derivatives; Basis Risk; Spatial Aggregation; Insurance; Hedging Effectiveness; Agricultural Finance; Marketing; Risk and Uncertainty.
Ano: 2007 URL: http://purl.umn.edu/9254
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USING INSURANCE TO ENHANCE NITROGEN FERTILIZER APPLICATION TIMING TO REDUCE NITROGEN LOSSES AgEcon
Huang, Wen-Yuan.
Nitrogen applied before planting is more vulnerable to loss to the environment than nitrogen applied during the growing season, but the growing season application can increase the risk of lower yields caused by adverse weather that prohibits farmers to complete N application. An expected utility framework is used to illustrate the potential economic benefit of insurance for a farmer to reduce this risk of cost. An expected-value variance analysis is used to illustrate the potential benefit of insurance to Iowa corn growers who apply N fertilizer only during the growing season.
Tipo: Journal Article Palavras-chave: Insurance; Nitrogen fertilizer; Application timings; Risk and Uncertainty.
Ano: 2002 URL: http://purl.umn.edu/15520
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Index Insurance, Probabilistic Climate Forecasts, and Production AgEcon
Carriquiry, Miguel A.; Osgood, Daniel E..
Index insurance and probabilistic seasonal forecasts are becoming available in developing countries to help farmers manage climate risks in production. Although these tools are intimately related, work has not been done to formalize the connections between them. We investigate the relationship between the risk management tools through a model of input choice under uncertainty, forecasts, and insurance. While it is possible for forecasts to undermine insurance, we find that when contracts are appropriately designed, there are important synergies between forecasts, insurance, and effective input use. Used together, these tools overcome barriers preventing the use of imperfect information in production decision making.
Tipo: Working or Discussion Paper Palavras-chave: Basis risk; Climate forecast; Index insurance; Input decisions; Insurance; Risk management; Farm Management; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/6107
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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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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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Livestock Revenue Insurance AgEcon
Hart, Chad E.; Babcock, Bruce A.; Hayes, Dermot J..
This study outlines several possible structures for livestock revenue insurance. The policies take the form of an exotic option—an Asian basket option. The actuarially fair premiums for these policies are equal to the prices of the options they represent. Due to the complexity of pricing Asian basket options, we have combined two techniques for pricing options to reach the actuarially fair premiums. Projected premiums, producer welfare, and program efficiency are evaluated for the insurance products and existing market tools. Using efficiency ratios and certainty equivalent returns, we compare the insurance policies to strategies involving existing futures and options.
Tipo: Working or Discussion Paper Palavras-chave: Insurance; Livestock; Revenue; Options; Asian basket option; Premiums; Livestock Production/Industries; Risk and Uncertainty.
Ano: 2000 URL: http://purl.umn.edu/18356
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The Main Determinants of Insurance Purchase: An Empirical Study on Crop Insurance Policies in France AgEcon
Enjolras, Geoffroy; Sentis, P..
Using data for 2002-2005 on a representative survey of French farms (FADN-RICA), we investigate the different factors that lead farmers to insure against crop risk. Our analysis takes into account a mix of both standard individual, financial and agricultural criteria. Cross-sectional and longitudinal analyses as well as logistic regressions underline the main differences between insured and non-insured farms. Compared to non-insured farms, we find that insured farms present greater financial and agricultural sizes, a more diversified production and have been motivated by the occurrence of recent catastrophic climatic events. Although essential in the cross-sectional analysis, the influence of financial parameters in the decision to insure is mitigated. On...
Tipo: Conference Paper or Presentation Palavras-chave: Insurance; Demand; Crop insurance; Catastrophe risk; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/44395
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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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Determinants of Participation in a Catastrophe Insurance Programme: Empirical Evidence from a Developing Country AgEcon
Akter, Sonia; Brouwer, Roy; Chowdhury, Saria; Aziz, Salina.
The paper presents empirical evidence of the determinants of catastrophe insurance participation in one of the poorest and most disaster prone countries in the world. In a large-scale household survey carried out in 2006 we ask 3,000 residents in six different districts in Bangladesh facing various environmental risk exposure levels about their willingness to participate in a catastrophe insurance programme. Combining factors put forward in risk theory and economics, we estimate a model of insurance participation. We show that the household decision to participate in the insurance programme differs depending on both exogenous and endogenous risk exposure levels. As predicted by micro-economic theory, ability to pay, measured in terms of household income...
Tipo: Conference Paper or Presentation Palavras-chave: Natural disasters; Catastrophe; Insurance; Participation; Risk; Bangladesh; Consumer/Household Economics; Environmental Economics and Policy; International Development; Risk and Uncertainty; Q54.
Ano: 2008 URL: http://purl.umn.edu/5984
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Effects of Private Insurance on Forest Landowners' Incentives to Sequester and Trade Carbon under Uncertainty: Impact of Hurricanes AgEcon
Grover, Mansi; Bosch, Darrell J.; Preisley, Stephen P..
We evaluate incentives of forest landowners for sequestering and trading carbon, given the risk of carbon loss from hurricanes, and an opportunity to insure their losses. Results of simulation model reveal that the effect of hurricane risk depends on the variability of returns from carbon and timber and landowners' ability to mitigate risk by diversifying forest holdings across regions or transferring risk by purchasing insurance.
Tipo: Conference Paper or Presentation Palavras-chave: Carbon Sequestration; Emissions Trading; Natural Disaster; Risk; Insurance; Risk and Uncertainty; Q54; Q58.
Ano: 2005 URL: http://purl.umn.edu/19516
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