A Two-Stage Model Of The Demand For Specialty Crop Insurance
AbstractLegislators are considering raising catastrophic (CAT 50% coverage) crop insurance premiums. However, estimates of a two-stage coverage-choice and participation model using county-level data from California grape growers show that the demand for CAT insurance is price-elastic, therefore, premium increases will worsen the financial performance of the grape-insurance program.
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Bibliographic InfoPaper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number 21681.
Date of creation: 1999
Date of revision:
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crop insurance; discrete / continuous choice; grapes; multinomial logit; Research Methods/ Statistical Methods; Risk and Uncertainty;
Other versions of this item:
- Richards, Timothy J., 2000. "A Two-Stage Model Of The Demand For Specialty Crop Insurance," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(01), July.
- Richards, Timothy J., 1998. "A Two Stage Model of the Demand For Specialty Crop Insurance," Working Papers 28546, Arizona State University, Morrison School of Agribusiness and Resource Management.
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