Pricing Crop Revenue Insurance using Parametric Copulas

Detalhes bibliográficos
Autor(a) principal: Duarte, Gislaine Vieira
Data de Publicação: 2019
Outros Autores: Ozaki, Vitor Augusto
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: https://periodicos.fgv.br/rbe/article/view/75672
Resumo: Crop revenue insurance has been widely discussed recently. It has become an important mechanism for risk management of crop yield and prices. However, a more comprehensive study is needed to investigate the dependence structure between the variables analyzed to calculate the premium rate actuarially fair for revenue insurance.This study proposes alternatives to calculate premium rates for revenue insurance using parametric copula functions. These methods were applied to data on soybean yield in the municipalities of Toledo, Cascavel Castro, and Guarapuava in Parana State (Brazil) and provided by the Institute of Economic and Social Development of Parana (IPARDES). Nominal prices received by producersin Parana State were provided by the Secretariat of Agriculture and Supply of Parana (SEAB).
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spelling Pricing Crop Revenue Insurance using Parametric CopulasCrop risk managementOLLN distributionParametric copulasRevenue insurance.Crop revenue insurance has been widely discussed recently. It has become an important mechanism for risk management of crop yield and prices. However, a more comprehensive study is needed to investigate the dependence structure between the variables analyzed to calculate the premium rate actuarially fair for revenue insurance.This study proposes alternatives to calculate premium rates for revenue insurance using parametric copula functions. These methods were applied to data on soybean yield in the municipalities of Toledo, Cascavel Castro, and Guarapuava in Parana State (Brazil) and provided by the Institute of Economic and Social Development of Parana (IPARDES). Nominal prices received by producersin Parana State were provided by the Secretariat of Agriculture and Supply of Parana (SEAB).EGV EPGE2019-09-20info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticlesArtigosapplication/pdfhttps://periodicos.fgv.br/rbe/article/view/75672Revista Brasileira de Economia; Vol. 73 No. 3 (2019): JUL-SET; 325-343Revista Brasileira de Economia; v. 73 n. 3 (2019): JUL-SET; 325-3431806-91340034-7140reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGVenghttps://periodicos.fgv.br/rbe/article/view/75672/76652Copyright (c) 2019 Revista Brasileira de Economiainfo:eu-repo/semantics/openAccessDuarte, Gislaine VieiraOzaki, Vitor Augusto2019-09-20T14:06:13Zoai:ojs.periodicos.fgv.br:article/75672Revistahttps://periodicos.fgv.br/rbe/https://periodicos.fgv.br/rbe/oai||rbe@fgv.br1806-91340034-7140opendoar:2024-03-06T13:03:47.622278Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)true
dc.title.none.fl_str_mv Pricing Crop Revenue Insurance using Parametric Copulas
title Pricing Crop Revenue Insurance using Parametric Copulas
spellingShingle Pricing Crop Revenue Insurance using Parametric Copulas
Duarte, Gislaine Vieira
Crop risk management
OLLN distribution
Parametric copulas
Revenue insurance.
title_short Pricing Crop Revenue Insurance using Parametric Copulas
title_full Pricing Crop Revenue Insurance using Parametric Copulas
title_fullStr Pricing Crop Revenue Insurance using Parametric Copulas
title_full_unstemmed Pricing Crop Revenue Insurance using Parametric Copulas
title_sort Pricing Crop Revenue Insurance using Parametric Copulas
author Duarte, Gislaine Vieira
author_facet Duarte, Gislaine Vieira
Ozaki, Vitor Augusto
author_role author
author2 Ozaki, Vitor Augusto
author2_role author
dc.contributor.author.fl_str_mv Duarte, Gislaine Vieira
Ozaki, Vitor Augusto
dc.subject.por.fl_str_mv Crop risk management
OLLN distribution
Parametric copulas
Revenue insurance.
topic Crop risk management
OLLN distribution
Parametric copulas
Revenue insurance.
description Crop revenue insurance has been widely discussed recently. It has become an important mechanism for risk management of crop yield and prices. However, a more comprehensive study is needed to investigate the dependence structure between the variables analyzed to calculate the premium rate actuarially fair for revenue insurance.This study proposes alternatives to calculate premium rates for revenue insurance using parametric copula functions. These methods were applied to data on soybean yield in the municipalities of Toledo, Cascavel Castro, and Guarapuava in Parana State (Brazil) and provided by the Institute of Economic and Social Development of Parana (IPARDES). Nominal prices received by producersin Parana State were provided by the Secretariat of Agriculture and Supply of Parana (SEAB).
publishDate 2019
dc.date.none.fl_str_mv 2019-09-20
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/rbe/article/view/75672
url https://periodicos.fgv.br/rbe/article/view/75672
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://periodicos.fgv.br/rbe/article/view/75672/76652
dc.rights.driver.fl_str_mv Copyright (c) 2019 Revista Brasileira de Economia
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Revista Brasileira de Economia
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EGV EPGE
publisher.none.fl_str_mv EGV EPGE
dc.source.none.fl_str_mv Revista Brasileira de Economia; Vol. 73 No. 3 (2019): JUL-SET; 325-343
Revista Brasileira de Economia; v. 73 n. 3 (2019): JUL-SET; 325-343
1806-9134
0034-7140
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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