Liang, Yan; Coble, Keith H. - Agricultural and Applied Economics Association - AAEA - 2009
This paper employs a cost function analysis method to investigate the existence of moral hazard in cotton buy-up insurance. The trans-log cost function estimates of the own-price elasticity of fertilizer, herbicide, and insecticide is -0.222, -0.143, and -0.121, respectively for Mississippi...