Purpose: Regional differences in crop insurance uptake have persisted over time. To partly explain this phenomenon, the purpose of this paper is to propose and evaluate a budget constraint (heuristic) effect within the standard expected utility theory (EUT) framework through simulation methods....

Purpose: The article examines the impact of policy change on enterprise unit subsidies that took place in 2009 on the quantity demanded for crop insurance. Design/methodology/approach: The analysis covers corn, soybeans, and wheat that are grown in six economic regions and uses various measures...