Osipenko, Maria; Shen, Zhiwei; Odening, Martin - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop insurance contracts. We show that in a competitive insurance market with heterogeneous risk averse farmers, there is simultaneous demand for both insurance contracts. Moreover,...