| Registro completo |
| Provedor de dados: |
AgEcon
|
| 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>Volume 25, Number 01, July 2000
|
| Formato: |
18
application/pdf
|
|
