A TWO-STAGE MODEL OF THE DEMAND FOR SPECIALTY CROP INSURANCE

Legislators 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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Year of publication:	1999
Authors:	Knox, Lyle ; Richards, Timothy J.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	crop insurance \| discrete / continuous choice \| grapes \| multinomial logit \| Research Methods/ Statistical Methods \| Risk and Uncertainty

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Extent:	application/pdf
Series:	1999 Annual meeting, August 8-11, Nashville, TN.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1999 Annual meeting, August 8-11, Nashville, TN Number 21681
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005806434