Abstract This paper shows how econometric identification can be improved in studies making use of crop insurance participation as either an independent or dependent variable. The provides the reader with a succinct overview contracts are priced and to publicly available data derive novel composite design parameter that emulates existing rating parameters using procedure is based on current actu...

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expresse...

The changing environment affects agriculture introducing sources of uncertainty. On the other hand, policies to cope with risks may have strong impacts on the environment. We evaluate the effects of public risk management programmes, such as subsidised crop insurance, fertilizer use and land allocation to crops. We implement a mathematical programming model of a representative wheat-tomato farm...

We investigate biases in farm-level yield risk analysis caused by data aggregation from the farm-level to regional and national levels using the example of Swiss wheat and barley yields. The estimated yield variability decreases significantly with increasing level of aggregation, with crop yield variability at the farm-level being up to 2.38 times higher than indicated from national data. Our r...

Global insurance markets are vast and diverse, and may offer many opportunities for remote sensing. To date, however, few operational applications of remote sensing for insurance exist. Papers claiming potential application of remote sensing typically stress the technical possibilities, without considering its contribution to customer value for the insured OPEN ACCESS Remote Sens. 2014, 6 10889...

VALUE-AT-RISK IN RANKING CROP INSURANCE ALTERNATIVAES Abstract This study examines the use of conditional value-at-risk (CVaR) as a measure for evaluating risky alternatives. CVaR has been shown to have a number of advantages compared to the more traditionally applied value-at-risk in decision settings that involve choices among truncated revenue distributions. A conceptual presentation illustr...

This is correct if efficiency is defined in terms of labor effort, as the landlord’s share operates like a tax on the returns to a tenant’s effort. However, sharecropping provides insurance to the tenant against fluctuations in crop yield arising from reasons beyond his control, so if this insurance effect is incorporated also in the notion of efficiency then they need not be less efficient tha...