Data/hora: 11/06/2024 03:35:20

Provedor de dados: | 31
País: | United States
Título: | A TWO-STAGE MODEL OF THE DEMAND FOR SPECIALTY CROP INSURANCE
Autores: | Richards,   Timothy J.
Data: | 2004-01-05
Ano: | 2000
Palavras-chave: | Risk and Uncertainty.
Resumo: | Recent proposals to reform the federal Multiple-Peril Crop Insurance Program for specialty crops raised concerns that a higher cost for catastrophic-level coverage would significantly reduce program participation. This study estimates the demand for three levels of insurance coverage (50%, 65%, 75%) using aggregate data from grape production in 11 California counties from 1986-96. A discrete/continuous econometric model of the choice of coverage level and the amount of insurance finds that the price-elasticity of demand for 50% coverage is elastic, suggesting that premium increases may indeed reduce participation significantly. Such increases may also cause a significant reallocation of growers among coverage levels.
Tipo: | Journal Article
Idioma: | Inglês

Identificador:

12110

http://purl.umn.edu/30828

Editor: | AgEcon Search
Relação: | Journal of Agricultural and Resource Economics&gt;Volume 25, Number 01, July 2000

Formato:

18

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