Data/hora: 04/06/2024 11:27:05

Provedor de dados: | 31
País: | United States
Título: | Asymmetric Information in the Market for Yield and Revenue Insurance Products
Autores: | Makki,   Shiva S.; Somwaru,   Agapi.
Data: | 2005-11-16
Ano: | 2001
Palavras-chave: | Asymmetric information; Adverse selection; Crop insurance; Revenue insurance; Risk management; Risk and Uncertainty.
Resumo: | This report analyzes farmers' choice of crop insurance contracts and tests for the presence of asymmetric information in the market for multiple yield and revenue insurance products. Farmers' risk characteristics, their level of income, and the cost of insurance significantly affect their choices of yield and revenue insurance products as well as their selections of alternative coverage levels. Empirical analysis indicates that, in the presence of asymmetric information, high-risk farmers are more likely to select revenue insurance contracts and higher coverage levels. The results also indicate that premium rates do not accurately reflect the likelihood of losses, implying asymmetrical information in the crop insurance market.
Tipo: | Report
Idioma: | Inglês

Identificador:

19095

http://purl.umn.edu/33587

Editor: | AgEcon Search

Relação:

United States Department of Agriculture&gt;Economic Research Service&gt;Technical Bulletins

Technical Bulletin No. 1892

Formato:

36

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