A role for capital markets in natural disasters: a piece of the food security puzzle
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Kunreuther, Howard & Slovic, Paul, 1978. "Economics, Psychology, and Protective Behavior," American Economic Review, American Economic Association, vol. 68(2), pages 64-69, May.
- Kunreuther, Howard, 1996. "Mitigating Disaster Losses through Insurance," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 171-187, May.
- Robin M. Hogarth & Howard Kunreuther, 1992. "Pricing Insurance and Warranties: Ambiguity and Correlated Risks," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 17(1), pages 35-60, June.
- Syed M. Ahsan & Ali A. G. Ali & N. John Kurian, 1982. "Toward a Theory of Agricultural Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(3), pages 510-529.
- Harry Markowitz, 1952. "Portfolio Selection," Journal of Finance, American Finance Association, vol. 7(1), pages 77-91, March.
- David M. Cutler & Richard J. Zeckhauser, 1999.
"Reinsurance for Catastrophes and Cataclysms,"
NBER Chapters, in: The Financing of Catastrophe Risk, pages 233-274,
National Bureau of Economic Research, Inc.
- David M. Cutler & Richard J. Zeckhauser, 1997. "Reinsurance for Catastrophes and Cataclysms," NBER Working Papers 5913, National Bureau of Economic Research, Inc.
- Neil A. Doherty, 1997. "Financial Innovation in the Management of Catastrophe Risk," Center for Financial Institutions Working Papers 98-12, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Hogarth, Robin M & Kunreuther, Howard, 1989. "Risk, Ambiguity, and Insurance," Journal of Risk and Uncertainty, Springer, vol. 2(1), pages 5-35, April.
- Neil A. Doherty, 1997. "Financial Innovation in the Management of Catastrophe Risk," Journal of Applied Corporate Finance, Morgan Stanley, vol. 10(3), pages 84-95, September.
- Mario J. Miranda & Joseph W. Glauber, 1997. "Systemic Risk, Reinsurance, and the Failure of Crop Insurance Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 206-215.
- Jerry R. Skees & J. Roy Black & Barry J. Barnett, 1997. "Designing and Rating an Area Yield Crop Insurance Contract," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 430-438.
- Arrow, Kenneth J, 1996. "The Theory of Risk-Bearing: Small and Great Risks," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 103-111, May.
- Priest, George L, 1996. "The Government, the Market, and the Problem of Catastrophic Loss," Journal of Risk and Uncertainty, Springer, vol. 12(2-3), pages 219-237, May.
- Jerry R. Skees, 1999. "Opportunities for Improved Efficiency in Risk Sharing Using Capital Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 1228-1233.
- Kaplow, Louis, 1991.
"Incentives and Government Relief for Risk,"
Journal of Risk and Uncertainty, Springer, vol. 4(2), pages 167-175, April.
- Louis Kaplow, 1989. "Incentives and Government Relief for Risk," NBER Working Papers 3007, National Bureau of Economic Research, Inc.
- Jerry R. Skees & Michael R. Reed, 1986. "Rate Making for Farm-Level Crop Insurance: Implications for Adverse Selection," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(3), pages 653-659.
- Colin F. Camerer & Howard Kunreuther, 1989. "Decision processes for low probability events: Policy implications," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 8(4), pages 565-592.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Barnett, Barry J. & Barrett, Christopher B. & Skees, Jerry R., 2008. "Poverty Traps and Index-Based Risk Transfer Products," World Development, Elsevier, vol. 36(10), pages 1766-1785, October.
- Taiyang Zhong & Jonathan Crush & Zhenzhong Si & Steffanie Scott, 2022. "Emergency food supplies and food security in Wuhan and Nanjing, China, during the COVID‐19 pandemic: Evidence from a field survey," Development Policy Review, Overseas Development Institute, vol. 40(3), May.
- Alan Fuchs & Hendrik Wolff, 2011.
"Concept and Unintended Consequences of Weather Index Insurance: The Case of Mexico,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(2), pages 505-511.
- Fuchs, Alan & Wolff, Hendrik, 2011. "Concept and Unintended Consequences of Weather Index Insurance: The Case of Mexico," IZA Discussion Papers 6234, Institute of Labor Economics (IZA).
- Shahbaz Mushtaq & Jarrod Kath & Roger Stone & Ross Henry & Peter Läderach & Kathryn Reardon-Smith & David Cobon & Torben Marcussen & Neil Cliffe & Paul Kristiansen & Frederik Pischke, 2020. "Creating positive synergies between risk management and transfer to accelerate food system climate resilience," Climatic Change, Springer, vol. 161(3), pages 465-478, August.
- Skees, Jerry & Varangis, Panos & Larson, Donald & Siegel, Paul, 2002.
"Can financial markets be tapped to help poor people cope with weather risks ?,"
Policy Research Working Paper Series
2812, The World Bank.
- Jerry R. Skees & Panos Varangis & Donald F. Larson & Paul Siegel, 2002. "Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks?," WIDER Working Paper Series DP2002-23, World Institute for Development Economic Research (UNU-WIDER).
- Jennifer Ifft, 2009. "Government vs Weather The True Story of Crop Insurance in India," Working Papers id:2268, eSocialSciences.
- Isaboke, Hezron Nyarindo & Qiao, Zhang & Nyarindo, Wilckyster Nyateko & Ke, Wang, 2016. "Explaining The Perception Of Smallholders Towards Weather Index Micro-Insurance Alongside Risks And Coping Strategies," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 4(4), pages 1-19, October.
- KEVORCHIAN, Cristian & GAVRILESCU, Camelia & HURDUZEU, Gheorghe, 2013. "Qualitative Risk Coverage In Agriculture Through Derivative Financial Instruments Based On Selyaninov Indices," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 17(3), pages 19-32.
- Ranjan Kumar Ghosh & Shweta Gupta & Vartika Singh & Patrick S. Ward, 2021. "Demand for Crop Insurance in Developing Countries: New Evidence from India," Journal of Agricultural Economics, Wiley Blackwell, vol. 72(1), pages 293-320, February.
- Yu, Jisang & Sumner, Daniel A. & Lee, Hyunok, 2021. "Premium rates and selection in specialty crop insurance markets: Evidence from the catastrophic coverage participation," Food Policy, Elsevier, vol. 101(C).
- Skees, Jerry & Gober, Stephanie & Varangis, Panos & Le, 2001. "Developing rainfall-based index insurance in Morocco," Policy Research Working Paper Series 2577, The World Bank.
- Pelka, Niels & Mußhoff, Oliver, 2015. "Das Risikoreduzierungspotenzial von Wetterindexversicherungen im Agribusiness – Die Bedeutung des Aggregationsniveaus von Ertragszeitreihen," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 64(02), June.
- Geyser, J.M., 2004. "Weather derivatives: Concept and application for their use in South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 43(4), pages 1-21, December.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Unknown, 1999. "Policy Reform, Market Stability, And Food Security; Proceedings Of A Conference Of The International Agricultural Trade Research Consortium," 1998: Policy Reform, Market Stability, and Food Security Conference, June 1998, Alexandria VA 14538, International Agricultural Trade Research Consortium.
- Skees, Jerry & Hazell, P. B. R. & Miranda, Mario, 1999. "New approaches to crop yield insurance in developing countries:," EPTD discussion papers 55, International Food Policy Research Institute (IFPRI).
- Barnett, Barry J. & Barrett, Christopher B. & Skees, Jerry R., 2008. "Poverty Traps and Index-Based Risk Transfer Products," World Development, Elsevier, vol. 36(10), pages 1766-1785, October.
- W. J. W. Botzen & J. C. J. M. Van Den Bergh, 2008. "Insurance Against Climate Change and Flooding in the Netherlands: Present, Future, and Comparison with Other Countries," Risk Analysis, John Wiley & Sons, vol. 28(2), pages 413-426, April.
- Skees, Jerry & Varangis, Panos & Larson, Donald & Siegel, Paul, 2002.
"Can financial markets be tapped to help poor people cope with weather risks ?,"
Policy Research Working Paper Series
2812, The World Bank.
- Jerry R. Skees & Panos Varangis & Donald F. Larson & Paul Siegel, 2002. "Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks?," WIDER Working Paper Series DP2002-23, World Institute for Development Economic Research (UNU-WIDER).
- Bradley T. Ewing & Jamie Brown Kruse & Dan Sutter, 2007. "Hurricanes and Economic Research: An Introduction to the Hurricane Katrina Symposium," Southern Economic Journal, John Wiley & Sons, vol. 74(2), pages 315-325, October.
- Jerry R. Skees & Barry J. Barnett & Anne G. Murphy, 2008.
"Creating insurance markets for natural disaster risk in lower income countries: the potential role for securitization,"
Agricultural Finance Review, Emerald Group Publishing Limited, vol. 68(1), pages 151-167, May.
- Skees, Jerry R. & Barnett, Barry J. & Murphy, Anne G., 2007. "Creating insurance markets for natural disaster risk in lower income countries: the potential role for securitization," 101st Seminar, July 5-6, 2007, Berlin Germany 9272, European Association of Agricultural Economists.
- Zhiwei Shen & Martin Odening, 2013.
"Coping with systemic risk in index-based crop insurance,"
Agricultural Economics, International Association of Agricultural Economists, vol. 44(1), pages 1-13, January.
- Shen, Zhiwei & Odening, Martin, 2012. "Coping with Systemic Risk in Index-based Crop Insurance," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122555, European Association of Agricultural Economists.
- Ozlem Ozdemir & Andrea Morone, 2014. "An experimental investigation of insurance decisions in low probability and high loss risk situations," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 9(1), pages 53-67, April.
- Daniel R. Petrolia & Craig E. Landry & Keith H. Coble, 2013. "Risk Preferences, Risk Perceptions, and Flood Insurance," Land Economics, University of Wisconsin Press, vol. 89(2), pages 227-245.
- Olivier Mahul, 1997. "The design of an optimal area yield crop insurance contract," Post-Print hal-01952129, HAL.
- Bokusheva, Raushan, 2004. "Crop insurance in transition: a qualitative and quantitative assessment of insurance products," IAMO Discussion Papers 76, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
- Ahmed Tauqeer Zahid & Farooq AhmadKhan, 2017. "Cost Mitigation of Natural Disasters through Insurance," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 8(3), pages 16-25, September.
- Meuwissen, Miranda P.M. & Skees, Jerry R. & Black, J. Roy & Huirne, Ruud B.M. & Dijkhuizen, Aalt A., 2000. "An Analytical Framework For Discussing Farm Business Interruption Insurance For Classical Swine Fever," 2000 Annual meeting, July 30-August 2, Tampa, FL 21738, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Michael G. Faure & Kristel De Smedt, 2019. "Compensation for victims of disasters: a task for Europe?," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(4), pages 732-759, October.
- Marielle Brunette & Laure Cabantous & Stéphane Couture & Anne Stenger, 2008. "Insurance Demand for Disaster-type Risks and the Separation of Attitudes toward Risk and Ambiguity: an Experimental Study," Working Papers - Cahiers du LEF 2008-05, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
- Bokusheva, Raushan, 2004. "Crop insurance in transition: A qualitative and quantitative assessment of insurance products (Preliminary results)," IAMO Discussion Papers 14869, Institute of Agricultural Development in Transition Economies (IAMO).
- Epperson, James E., 2008. "Securitizing peanut production risk with catastrophe (CAT) bonds," Faculty Series 44512, University of Georgia, Department of Agricultural and Applied Economics.
- Mahul, Olivier & Gurenko, Eugene, 2006. "The macro financing of natural hazards in developing countries," Policy Research Working Paper Series 4075, The World Bank.
- Lorilee A. Medders & Steven L. Schwarcz, 2022. "Securitizing pandemic‐risk insurance," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(4), pages 551-583, December.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jfpoli:v:25:y:2000:i:3:p:365-378. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/foodpol .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.