| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
A Cost Function Analysis of Crop Insurance Moral Hazard and Agricultural Chemical Use
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| Autores: |
Liang, Yan
Coble, Keith H.
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| Data: |
2009-05-01
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| Ano: |
2009
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| 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
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| 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.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/49485
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| Relação: |
Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
Selected Paper
612708
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| Formato: |
19
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