| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Optimal Coverage Level Choice with Individual and Area Plans of Insurance
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| Autores: |
Bulut, Harun
Collins, Keith J.
Zacharias, Thomas P.
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| Data: |
2011-04-26
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| Ano: |
2011
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| Palavras-chave: |
Agricultural risk
Area plans of insurance
Crop insurance
Agricultural and Food Policy
Agricultural Finance
Crop Production/Industries
Demand and Price Analysis
Farm Management
Financial Economics
Industrial Organization
Marketing
Production Economics
Research Methods/ Statistical Methods
Risk and Uncertainty
D81
G22
Q12
Q18
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| Resumo: |
We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the individual plan and demand no area insurance regardless of the plans being separate or integrated. Under separate plans, free area insurance and the fair rate for individual insurance, area insurance replaces a portion of individual insurance demand. Under integrated plans, free area insurance, and the fair rate for individual insurance, the farmer will over-insure with individual plan and demand additional area insurance.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/103185
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| Relação: |
Agricultural and Applied Economics Association>2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania
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| Formato: |
43
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