STRUCTURING INSTITUTIONS TO SHARE LOCAL WEATHER RISK GLOBALLY

Jianqiang Hao and Jerry R. Skees

No 21973, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper envisions the national weather index as an efficient instrument to hedge the agricultural risk. The theoretical framework is established based on the partition of risk and the cost minimization. The Morocco case was applied and the result shows that the risk can be reduced to a larger extent.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 28
Date: 2003
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:21973

DOI: 10.22004/ag.econ.21973

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