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The implementation of a crop insurance program is an oldrequirement of the agricultural sector. After the failure of the NationalCrop Insurance Company (CNSA), in the period of 1954 through 1966,the federal government started to stimulate the agricultural insurance market. Aiming increase the...
Persistent link: https://www.econbiz.de/10009446930
The twin problems of moral hazard and adverse selection are often blamed for the lack of insurance for many fruits and vegetables. This paper develops an alternative method of testing for adverse selection that uses a two-stage approach to determine the effects of technical inefficiency on the...
Persistent link: https://www.econbiz.de/10009442641
We theoretically examine a farmer’s coverage demand with area and individual insurance plans as either separate or integrated options. The individual and area losses are assumed to be imperfectly and positively correlated. With actuarially fair rates, the farmer will fully insure with the...
Persistent link: https://www.econbiz.de/10009444562
Systemic weather risk is a major obstacle for the formation of private (nonsubsidized) crop insurance. This paper explores the possibility of spatial diversification of insurance by estimating the joint occurrence of unfavorable weather conditions in different locations. For that purpose copula...
Persistent link: https://www.econbiz.de/10009444820
Factors affecting the adoption of crop insurance, forward contracting, and spreading sales areanalyzed using multivariate and multinomial probit approaches that account for simultaneousadoption and/or correlation among the three risk management adoption decisions. Our empiricalresults suggest...
Persistent link: https://www.econbiz.de/10009446302
The study's aim was to investigate whether an Entrepreneurial Business Planning (EBP) paradigm could be discovered as a … interpretative richness to discover that an established Entrepreneurial Business Planning paradigm does exist. Its major elements …. First, it provides a formally-researched, explicitly-articulated EBP paradigm. This can replace the anecdotal, unarticulated …
Persistent link: https://www.econbiz.de/10009483857
Having leaned upon the T. Kuhn’s paradigm conception, the authors have developed a paradigmatic approach to be applied … resulted in revealing some paradigms in the past of tourism which have allowed conceptualizing a tourism paradigm of present … tourism take part of an obsolete paradigm and lead to a destructive tourism while the principles of a new paradigm allow …
Persistent link: https://www.econbiz.de/10011734844
Having leaned upon the T. Kuhn’s paradigm conception, the authors have developed a paradigmatic approach to be applied … resulted in revealing some paradigms in the past of tourism which have allowed conceptualizing a tourism paradigm of present … tourism take part of an obsolete paradigm and lead to a destructive tourism while the principles of a new paradigm allow …
Persistent link: https://www.econbiz.de/10015336419
the World Bank organizations (IFC Agribusiness Development project and Commodity RiskManagement Group) in 2003-2006. The …
Persistent link: https://www.econbiz.de/10009445049
Crop insurance and hedging are two risk management strategies used by farmers to manage risk. Using a discrete choice model and farm-level data, this study investigates the factors influencing farmers' use of hedging and crop insurance as risk management strategies. In the case of crop...
Persistent link: https://www.econbiz.de/10009429470