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Estimation of crop yields and insurance premiums using a shrinkage estimator

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      <subfield code="a">Estimation of crop yields and insurance premiums using a shrinkage estimator</subfield>
      <subfield code="c">Sebastain N. Awondo...[et al.]</subfield>
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      <subfield code="a">We explore the estimation of crop yields and insurance premiums using a hierarchical Bayes small area estimator. The estimator is evaluated for Area Yield Production (AYP) policy using quasi-simulated corn yields in the United States. Its performance in producing reliable mean county yield and premium estimates is compared to that of a naive estimator. We also investigate the impact of these efficiency improvements on the residual losses between a farm-level policy and AYP. The proposed estimator is found to be substantially more efficient and less biased than the naive estimator</subfield>
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      <subfield code="a">Matemática del seguro</subfield>
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      <subfield code="a">Awondo, Sebastain N.</subfield>
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      <subfield code="t">North American actuarial journal</subfield>
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      <subfield code="g">04/06/2018 Tomo 22 Número 2 - 2018 , p. 289-308</subfield>
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