Just, Richard E.; Calvin, Linda; Quiggin, John - In: American Journal of Agricultural Economics 81 (1999) 4, pp. 834-849
Adverse selection is often blamed for crop insurance indemnities exceeding premiums plus subsidies. However, nationwide empirical evidence has been lacking or based on inadequate county-level data. This article uses nationwide farm-level data on corn and soybeans to decompose incentives for...