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Weather Derivatives as Risk Management Tool in Ecuador: A Case Study of Rice Production

Dmitry Vedenov and Leonardo Sanchez

No 98747, 2011 Annual Meeting, February 5-8, 2011, Corpus Christi, Texas from Southern Agricultural Economics Association

Abstract: 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.

Keywords: Agribusiness; Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 2011
New Economics Papers: this item is included in nep-agr, nep-ias and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea11:98747

DOI: 10.22004/ag.econ.98747

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