Efficient Estimation of Copula Mixture Model: An Application to the Rating of Crop Revenue Insurance
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.103738
Download full text from publisher
References listed on IDEAS
- Octavio A. Ramírez, 1997. "Estimation and Use of a Multivariate Parametric Model for Simulating Heteroskedastic, Correlated, Nonnormal Random Variables: The Case of Corn Belt Corn, Soybean, and Wheat Yields," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 191-205.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Osama Ahmed & Teresa Serra, 2015. "Economic analysis of the introduction of agricultural revenue insurance contracts in Spain using statistical copulas," Agricultural Economics, International Association of Agricultural Economists, vol. 46(1), pages 69-79, January.
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.- Zanini, Fabio C. & Irwin, Scott H. & Schnitkey, Gary D. & Sherrick, Bruce J., 2000. "Estimating Farm-Level Yield Distributions For Corn And Soybeans In Illinois," 2000 Annual meeting, July 30-August 2, Tampa, FL 21720, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Norwood, F. Bailey & Roberts, Matthew C. & Lusk, Jayson L., 2002. "How Are Crop Yields Distributed?," 2002 Annual meeting, July 28-31, Long Beach, CA 19733, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Ramirez, Octavio A., 2000.
"Parametric Modeling And Simulation Of Joint Price-Production Distributions Under Non-Normality, Autocorrelation And Heteroscedasticity: A Tool For Assessing Risk In Agriculture,"
Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-15, August.
- Ramirez, Octavio A., 2000. "Parametric Modeling and Simulation of Joint Price-Production Distributions under Non-Normality, Autocorrelation and Heteroscedasticity: A Tool for Assessing Risk in Agriculture," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 32(2), pages 283-297, August.
- Li, Shuang & Ker, Alan P., 2013. "An Assessment of the Canadian Federal-Provincial Crop Production Insurance Program under Future Climate Change Scenarios in Ontario," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 151213, Agricultural and Applied Economics Association.
- Arora, Gaurav & Agarwal, Sandip K., 2020.
"Agricultural input use and index insurance adoption: Concept and evidence,"
2020 Annual Meeting, July 26-28, Kansas City, Missouri
304508, Agricultural and Applied Economics Association.
- Arora, Gaurav & Agarwal, Sandip, 2021. "Agricultural Input Use and Index Insurance Adoption: Concept and Evidence," 2021 Conference, August 17-31, 2021, Virtual 315884, International Association of Agricultural Economists.
- Mason, Chuck & Hayes, Dermot J. & Lence, Sergio H., 2001.
"Systemic Risk In U.S. Crop And Revenue Insurance Programs,"
2001 Regional Committee NC-221, October 1-2, 2001, McLean, Virginia
132389, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
- Mason, C. & Hayes, Dermot J. & Lence, Sergio H., 2001. "Systemic Risk in U.S. Crop and Revenue Insurance Programs," Staff General Research Papers Archive 11396, Iowa State University, Department of Economics.
- Chuck Mason & Dermot J. Hayes & Sergio H. Lence, 2001. "Systemic Risk in U.S. Crop and Revenue Insurance Programs," Center for Agricultural and Rural Development (CARD) Publications 01-wp266, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Chuck Mason & Dermot J. Hayes & Sergio H. Lence, 2002.
"Systemic risk in U.S. crop reinsurance programs,"
Agricultural Finance Review, Emerald Group Publishing Limited, vol. 63(1), pages 23-39, December.
- Mason, Chuck & Hayes, Dermot J. & Lence, Sergio H., 2003. "Systemic Risk in U.S. Crop Reinsurance Programs," Staff General Research Papers Archive 1944, Iowa State University, Department of Economics.
- Mason, Chuck & Hayes, Dermot J. & Lence, Sergio H, 2003. "Systemic risk in U.S. crop reinsurance programs," ISU General Staff Papers 200304010800001293, Iowa State University, Department of Economics.
- Chen, Xiaomei & Wang, H. Holly & Makus, Larry D., 2007. "Production Risk and Crop Insurance Effectiveness: Organic Versus Conventional Apples," SCC-76 Meeting, 2007, March 15-17, Gulf Shores, Alabama 9381, SCC-76: Economics and Management of Risk in Agriculture and Natural Resources.
- Ramirez, Octavio A. & Sosa, Romeo, 2000. "Risk Analysis Under Correlated, Non-Normal Price And Yield Probability Distributions," 2000 Annual meeting, July 30-August 2, Tampa, FL 21888, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Park, Eunchun & Brorsen, B. Wade & Harri, Ardian, 2016. "Using Bayesian Spatial Smoothing and Extreme Value Theory to Develop Area-Yield Crop Insurance Rating," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235754, Agricultural and Applied Economics Association.
- Ramirez, Octavio A. & Carpio, Carlos E., 2015. "Are the Federal Crop Insurance Subsidies Equitably Distributed? Evidence from a Monte Carlo Simulation Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 40(3), pages 1-19, September.
- Ramirez, Octavio & Shonkwiler, J. Scott, 2016. "Some Comparative Statics for Evaluating the Performance of the US Crop Insurance Program," SCC-76 Meeting, 2016, March 17-19, Pensacola, Florida 233761, SCC-76: Economics and Management of Risk in Agriculture and Natural Resources.
- Ardian Harri & Cumhur Erdem & Keith H. Coble & Thomas O. Knight, 2009.
"Crop Yield Distributions: A Reconciliation of Previous Research and Statistical Tests for Normality,"
Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1), pages 163-182.
- Ardian Harri & Cumhur Erdem & Keith H. Coble & Thomas O. Knight, 2009. "Crop Yield Distributions: A Reconciliation of Previous Research and Statistical Tests for Normality," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1), pages 163-182.
- Ramirez, Octavio A. & Carpio, Carlos E. & Rejesus, Roderick M., 2011.
"Can Crop Insurance Premiums Be Reliably Estimated?,"
Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(01), pages 1-14, April.
- Ramirez, Octavio A. & Carpio, Carlos E. & Rejesus, Roderick M., 2011. "Can Crop Insurance Premiums Be Reliably Estimated?," Agricultural and Resource Economics Review, Cambridge University Press, vol. 40(1), pages 81-94, April.
- Ramirez, Octavio A. & Carpio, Carlos E. & Rejesus, Roderick M., 2009. "Can Crop Insurance Premiums be Reliably Estimated?," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49465, Agricultural and Applied Economics Association.
- Zapata, Hector O. & Maradiaga, David Isaias & Pujula, Aude Liliana & Dicks, Michael R., 2011. "Recent Developments in Unit Root Tests and Historical Crop Yields," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103871, Agricultural and Applied Economics Association.
- Coble, Keith H. & Heifner, Richard G. & Zuniga, Manuel, 2000. "Implications Of Crop Yield And Revenue Insurance For Producer Hedging," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-21, December.
- Jindřich Špička, 2009. "The Risk Analysis in the Agricultural Enterprises using Earnings at Risk Method," Ekonomika a Management, Prague University of Economics and Business, vol. 2009(3).
- Kapiamba, Luabeya F., 2005. "Modeling Heteroskedasticity of Crop Yield Distributions: Implications for Normality," 2005 Annual meeting, July 24-27, Providence, RI 19475, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Lu, Yue & Ramirez, Octavio A. & Rejesus, Roderick M. & Knight, Thomas O. & Sherrick, Bruce J., 2008.
"Empirically Evaluating the Flexibility of the Johnson Family of Distributions: A Crop Insurance Application,"
Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(1), pages 1-13, April.
- Lu, Yue & Ramirez, Octavio A. & Rejesus, Roderick M. & Knight, Thomas O. & Sherrick, Bruce J., 2008. "Empirically Evaluating the Flexibility of the Johnson Family of Distributions: A Crop Insurance Application," Agricultural and Resource Economics Review, Cambridge University Press, vol. 37(1), pages 79-91, April.
- Ramirez, Octavio A. & Sosa, Romeo, 2000. "Assessing The Financial Risks Of Diversified Coffee Production Systems: An Alternative Nonnormal Cdf Estimation Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), pages 1-19, July.
More about this item
Keywords
Agricultural Finance;NEP fields
This paper has been announced in the following NEP Reports:- NEP-ECM-2011-05-24 (Econometrics)
- NEP-IAS-2011-05-24 (Insurance Economics)
Statistics
Access and download statisticsCorrections
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:ags:aaea11:103738. 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.