| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Willingness to Pay for a Potential Insurance Policy: Case Study of Trout Aquaculture
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| Autores: |
Shaik, Saleem
Coble, Keith H.
Hudson, Darren
Miller, James C.
Hanson, Terrill R.
Sempier, Stephen H.
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| Data: |
2008-11-11
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| Ano: |
2008
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| Palavras-chave: |
Willingness to pay
Subjective elicitation and survey data
Aquaculture trout insurance
Livestock Production/Industries
Risk and Uncertainty
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| Resumo: |
Using trout producer survey data and the contingent valuation method, we estimate willing-ness to pay for a potential insurance policy. The survey was conducted in 2005 across the United States; 268 producers completed the survey instrument, resulting in a response rate of 81 percent. Design of the contingent valuation method takes into account two coverage levels and four premium rates. Using standard willingness-to-pay techniques, we assess the premium rate that producers with varying practices and regions are willing to pay for two different cov-erage levels of insurance. In general, trout producers appear willing to pay premium rates of 2 to 11 percent for these coverage levels.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/44737
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| Relação: |
Agricultural and Resource Economics Review>Volume 37, Number 1, April 2008
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| Formato: |
10
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