The optimal drought index for designing weather index insurance
dc.contributor.author
Bucheli, Janic
dc.contributor.author
Dalhaus, Tobias
dc.contributor.author
Finger, Robert
dc.date.accessioned
2020-09-17T05:55:55Z
dc.date.available
2020-09-17T05:02:01Z
dc.date.available
2020-09-17T05:17:21Z
dc.date.available
2020-09-17T05:55:55Z
dc.date.issued
2020
dc.identifier.issn
0165-1587
dc.identifier.issn
1464-3618
dc.identifier.other
10.1093/erae/jbaa014
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/440847
dc.identifier.doi
10.3929/ethz-b-000440847
dc.description.abstract
Climate change increases the need for better insurance solutions that enable farmers to cope with drought risks. We design weather index insurance using drought indices based on precipitation, soil moisture and evapotranspiration as underlying drought index and compare their risk-reducing potential for winter wheat producers in Eastern Germany. In general, we find that all drought indices can reduce financial risk exposure. However, the largest risk reduction can be achieved if the underlying drought index is tailored individually for each farm. This implies that insurers should offer insurance with farm-specific underlying drought index.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
Oxford University Press
dc.rights.uri
http://creativecommons.org/licenses/by/4.0/
dc.title
The optimal drought index for designing weather index insurance
en_US
dc.type
Journal Article
dc.rights.license
Creative Commons Attribution 4.0 International
dc.date.published
2020-09-13
ethz.journal.title
European Review of Agricultural Economics
ethz.journal.abbreviated
Eur Rev Agric Econ
ethz.pages.start
jbaa014
en_US
ethz.size
25 p.
en_US
ethz.version.deposit
publishedVersion
en_US
ethz.code.jel
JEL - JEL::G - Financial Economics::G2 - Financial Institutions and Services::G22 - Insurance; Insurance Companies; Actuarial Studies
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q1 - Agriculture::Q14 - Agricultural Finance
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q54 - Climate; Natural Disasters and Their Management; Global Warming
en_US
ethz.grant
Towards SUstainable and REsilient EU FARMing systems
en_US
ethz.identifier.wos
ethz.identifier.scopus
ethz.publication.place
Oxford
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::09564 - Finger, Robert / Finger, Robert
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::09564 - Finger, Robert / Finger, Robert
en_US
ethz.grant.agreementno
727520-2
ethz.grant.fundername
EC
ethz.grant.funderDoi
10.13039/501100000780
ethz.grant.program
H2020
ethz.date.deposited
2020-09-17T05:02:14Z
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2020-09-17T05:17:41Z
ethz.rosetta.lastUpdated
2024-02-02T12:04:34Z
ethz.rosetta.versionExported
true
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