Accurate pricing of crop insurance policies relies on forecasts probability densities yields. Yield are dynamic, time series data yields often limited, and yield spatially correlated. We examine linear pooling potentially related, but almost surely misspecified, density forecasts. The pooled combine from other spatial units based out-of-sample forecast performance. result in more accurate premi...

Abstract Risk management in agriculture is crucial and policymakers are implementing policy reforms to foster farmers’ adoption of ex-ante risk tools such as crop insurance: Their effectiveness the core evaluation exercises. The Italian subsidised insurance market has been interested by major 2013 2015. reform removed subsidies mono-risk contracts, whereas 2015 replaced multi- pluri-risks contr...

Asymmetric information imposes costs on a wide range of markets and may explain why some important markets, such as most agricultural insurance markets, have failed to develop. It is hard to empirically identify the different dimensions of asymmetric information but doing so is crucial for improving efficiency and solving market failures. I develop a new experimental methodology and apply it to...