Opportunities for improved efficiency in risk sharing using capital markets

Skees reviews many of the recent risk-sharing innovations, including use of equity-based instruments for catastrophe risks and the new weather markets. He then discusses why the new innovations create more opportunities for using area yield and weather markets to share agricultural crop risk.

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Bibliographic Details
Published in:American journal of agricultural economics 1999-01, Vol.81 (5), p.1228-1233
Main Author: Skees, Jerry R.
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural production
Agriculture
Bonds
Capital market
Capital Market Innovations and Cooperatives: A New Risk-Sharing Strategy for Agriculture
Capital markets
Catastrophes
Co-operatives
Crop insurance
Crops
Disasters
Earthquake insurance
Earthquakes
Efficiency
Financial risk
Futures
Hurricanes
Innovations
Insurance industry
Insurance risk
markets
Moral hazard
new technology
Prices
production economics
Q140
Rain
Reinsurance
risk
Risk management
Risk sharing
securities
Securities issues
Securitization
Stop loss reinsurance
Transaction costs
Transparency
Weather
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Description
Summary:Skees reviews many of the recent risk-sharing innovations, including use of equity-based instruments for catastrophe risks and the new weather markets. He then discusses why the new innovations create more opportunities for using area yield and weather markets to share agricultural crop risk.
ISSN:0002-9092
1467-8276
DOI:10.2307/1244112