Pricing Crop Revenue Insurance using Parametric Copulas

Q4 Economics, Econometrics and Finance

Revista Brasileira de Economia Pub Date : 2019-09-20 DOI:10.5935/0034-7140.20190015

G. V. Duarte, V. Ozaki

引用次数: 7

Abstract

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 producers in Parana State were provided by the Secretariat of Agriculture and Supply of Parana (SEAB).

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作物收益保险定价的参数公式

农作物收益保险是近年来人们广泛讨论的问题。它已成为粮食产量和价格风险管理的重要机制。然而，为了计算收益保险的保险费率精算公平，需要对所分析变量之间的依赖结构进行更全面的研究。本研究提出了使用参数联结函数计算收益保险费率的替代方法。这些方法应用于巴西巴拉那州托莱多、卡斯卡维尔·卡斯特罗和瓜拉普瓦等市的大豆产量数据，这些数据由巴拉那州经济和社会发展研究所提供。巴拉那州生产者收到的名义价格由巴拉那农业和供应秘书处提供。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Revista Brasileira de Economia Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.40

自引率

0.00%

发文量

审稿时长

20 weeks

期刊介绍： A Revista Brasileira de Economia (RBE) é a mais antiga publicação de Economia do Brasil, e a segunda mais antiga da América Latina. Seus fundadores foram Arizio de Viana, o primeiro editor, e Eugênio Gudin, um dos mais influentes economistas da história brasileira. A RBE foi apresentada no seu primeiro número pelo professor Luiz Simões Lopes, em uma Introdução que poderia constar ainda hoje de qualquer número da revista.