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Less Coverage, Better Protection: Optimizing Weather Index Insurance Through Tail Similarity Analysis

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  • Yang, Liu
  • Yi, Fujin

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  • Yang, Liu & Yi, Fujin, 2026. "Less Coverage, Better Protection: Optimizing Weather Index Insurance Through Tail Similarity Analysis," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404416, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea26:404416
    DOI: 10.22004/ag.econ.404416
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    References listed on IDEAS

    as
    1. Matthieu Stigler & David Lobell, 2024. "Optimal index insurance and basis risk decomposition: an application to Kenya," American Journal of Agricultural Economics, John Wiley & Sons, vol. 106(1), pages 306-329, January.
    2. Barry K. Goodwin, 2009. "Payment Limitations and Acreage Decisions under Risk Aversion: A Simulation Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(1), pages 19-41.
    3. Xiaodong Du & David A Hennessy & Hongli Feng & Gaurav Arora, 2018. "Land Resilience and Tail Dependence among Crop Yield Distributions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(3), pages 809-828.
    4. Nathaniel D. Jensen & Christopher B. Barrett & Andrew G. Mude, 2016. "Index Insurance Quality and Basis Risk: Evidence from Northern Kenya," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(5), pages 1450-1469.
    5. Barry K. Goodwin & Ashley Hungerford, 2015. "Copula-Based Models of Systemic Risk in U.S. Agriculture: Implications for Crop Insurance and Reinsurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(3), pages 879-896.
    6. Barry K. Goodwin & Alan P. Ker, 1998. "Nonparametric Estimation of Crop Yield Distributions: Implications for Rating Group-Risk Crop Insurance Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 139-153.
    7. Deepak K. Ray & James S. Gerber & Graham K. MacDonald & Paul C. West, 2015. "Climate variation explains a third of global crop yield variability," Nature Communications, Nature, vol. 6(1), pages 1-9, May.
    8. Sarah Conradt & Robert Finger & Raushan Bokusheva, 2015. "Tailored to the extremes: Quantile regression for index-based insurance contract design," Agricultural Economics, International Association of Agricultural Economists, vol. 46(4), pages 537-547, July.
    9. Sommarat Chantarat & Andrew G. Mude & Christopher B. Barrett & Michael R. Carter, 2013. "Designing Index-Based Livestock Insurance for Managing Asset Risk in Northern Kenya," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(1), pages 205-237, March.
    10. Lichtenberg, Erik & Iglesias, Eva, 2022. "Index insurance and basis risk: A reconsideration," Journal of Development Economics, Elsevier, vol. 158(C).
    11. Ghada Elabed & Marc F. Bellemare & Michael R. Carter & Catherine Guirkinger, 2013. "Managing basis risk with multiscale index insurance," Agricultural Economics, International Association of Agricultural Economists, vol. 44(4-5), pages 419-431, July.
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