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| Shaik, Saleem; Coble, Keith H.; Hudson, Darren; Miller, James C.; Hanson, Terrill R.; Sempier, Stephen H.. |
| Using trout producer survey data and the contingent valuation method, we estimate willing-ness to pay for a potential insurance policy. The survey was conducted in 2005 across the United States; 268 producers completed the survey instrument, resulting in a response rate of 81 percent. Design of the contingent valuation method takes into account two coverage levels and four premium rates. Using standard willingness-to-pay techniques, we assess the premium rate that producers with varying practices and regions are willing to pay for two different cov-erage levels of insurance. In general, trout producers appear willing to pay premium rates of 2 to 11 percent for these coverage levels. |
| Tipo: Journal Article |
Palavras-chave: Willingness to pay; Subjective elicitation and survey data; Aquaculture trout insurance; Livestock Production/Industries; Risk and Uncertainty. |
| Ano: 2008 |
URL: http://purl.umn.edu/44737 |
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