Modeling farm-level crop insurance demand with panel data

被引：83
|
作者：
Coble, KH
Knight, TO
Pope, RD
Williams, JR
机构：
[1] TEXAS A&M UNIV,DEPT AGR ECON,COLLEGE STN,TX 77843
[2] BRIGHAM YOUNG UNIV,DEPT ECON,PROVO,UT
[3] KANSAS STATE UNIV,DEPT AGR ECON,MANHATTAN,KS 66506
来源：
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 1996年 / 78卷 / 02期
关键词：
adverse selection; crop insurance; expected utility; probit; risk;
D O I：
10.2307/1243715
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
A random-effects, binomial probit model is applied to data for a panel of Kansas wheat farms to examine Multiple Peril Crop Insurance demand. A theoretical model is developed which suggests inclusion of the moments of both market return and the return to insurance. Empirical results indicate that the first and second moments of both market return and the returns to insurance are significant. The price elasticity of demand is estimated to be -0.65. Preseason weather variables when included in the models were not found to be significant, failing to support the hypothesis of intertemporal adverse selection.
引用
收藏
页码：439 / 447
页数：9
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