Revenue Crop Insurance Demand

A two-stage simultaneous equation is utilized to model the choice of whether to purchase insurance and the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results show an elasticity of demand for crop insurance that remains largely unchanged from earlier estimates (-0.40), but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.76). Finally the link between adverse selection and the demand for insurance is examined.


Issue Date:
2005
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/19319
PURL Identifier:
http://purl.umn.edu/19319
Total Pages:
19
Series Statement:
Selected Paper 136425




 Record created 2017-04-01, last modified 2020-10-28

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