Data/hora: 11/06/2024 03:41:57

Provedor de dados: | 31
País: | United States
Título: | A Cost Function Analysis of Crop Insurance Moral Hazard and Agricultural Chemical Use
Autores: | Liang,   Yan; Coble,   Keith H.
Data: | 2009-05-01
Ano: | 2009
Palavras-chave: | Crop insurance; Moral hazard; Agricultural input use; Cost function analysis; Cotton; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Production Economics; Risk and Uncertainty.
Resumo: | This paper employs a cost function analysis method to investigate the existence of moral hazard in cotton buy-up insurance. The trans-log cost function estimates of the own-price elasticity of fertilizer, herbicide, and insecticide is -0.222, -0.143, and -0.121, respectively for Mississippi cotton production. Our results found statistically significant relationship between per acre direct cost and cotton buy-up insurance for year 2001 and 2005 in Mississippi. Our results also indicate that moral hazard can either decrease or increase agricultural input usage depending specific production condition in an individual year.  But in general the results support effects smaller than anecdotal evidence would suggest.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/49485

Relação:

Agricultural and Applied Economics Association&gt;2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin

Selected Paper

612708

Formato: | 19