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Agribusiness & Applied Economics Report >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/54983
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| Title: | Role of Panel Analysis in Identifying Asymmetric Information with Optional Unit Provision in Federal Crop Insurance |
| Authors: | Shaik, Saleem |
| Keywords: | Adverse Selection
Moral Hazard
Optional Unit Policy
Crop Insurance
U.S. Cotton |
| JEL Codes: | D82
G22
Q10 |
| Issue Date: | 2009-03 |
| Series/Report no.: | Agribusiness & Applied Economics Report No.
641 |
| Abstract: | This paper has a two-fold contribution, first we demonstrate the relationship of spatial,
temporal and residual yield risk estimated from a two-way panel random effects model to
asymmetric information with an optional unit provision in the federal crop insurance program.
Second, the yield risk components are incorporated in a discrete choice model to examine the
presence of asymmetric information due to potential yield switching with optional unit
provisions. Empirical application to 1998 U.S. cotton crop insurance data reveals the presence
of asymmetric information with optional unit provisions. |
| URI: | http://purl.umn.edu/54983 |
| Institution/Association: | North Dakota State University>Department of Agribusiness and Applied Economics>Agribusiness & Applied Economics Report |
| Total Pages: | 28 |
| Collections: | Agribusiness & Applied Economics Report
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| AAE641.pdf | | 138Kb | PDF | View/Open |
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