Crop Insurance: Inherent Problems and Innovative Solutions
In: Agricultural Policy for the 21st Century, S. 109-126
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In: Agricultural Policy for the 21st Century, S. 109-126
In: Asia-Pacific journal of risk and insurance: APJRI, Band 2, Heft 1
ISSN: 2153-3792
This paper investigates adverse selection in crop insurance markets using both parametric and nonparametric methods. Our results reject the conditional independence of the choice of insurance contracts and risk of loss, implying the presence of informational asymmetries between insurers and insureds in the markets. Results also show that actual premium rates are significantly different from both pure and fair premium rates. Our findings provide useful insights into asymmetric information problems and methods to assess the risk of loss in crop insurance markets.
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 23, Heft 2, S. 127-140
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 23, Heft 2, S. 127-140
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 21, Heft 2, S. 185-211
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 21, Heft 2, S. 185-212
ISSN: 0161-8938