Moral hazard and subsidized crop insurance
نویسندگان
چکیده
منابع مشابه
Crop Insurance and Crop Production : An Empirical Study of Moral Hazard and Adverse Selection
anonymous referee for helpful comments and criticism.
متن کاملMoral Hazard , Insurance , and Some
We consider a model of insurance and collusion. EÆcient risk sharing requires the consumer to get a monetary compensation in case of a loss. But this in turn implies consumer-provider collusion incentives to submit false claims to the insurer. We assume, however, that only some providers are collusive while some are honest, and determine the optimal contract specifying the treatment, the insura...
متن کاملMoral Hazard, Insurance, and Some Collusion
We consider a model of insurance and collusion. Efficient risk sharing requires the consumer to get a monetary compensation in case of a loss. But this in turn implies consumer–provider collusion incentives to submit false claims to the insurer. We assume, however, that only some providers are collusive while some are honest, and determine the optimal contract specifying the treatment, the insu...
متن کاملThe Environmental Impacts of Subsidized Crop Insurance: Crop Insurance & the Extensive Margin
A partial equilibrium model of stochastic crop production is used to analyze the impacts of subsidized crop insurance on the extensive margin of agricultural production. It is shown that land use is unchanged only when an actuarially fair, perfectly separating insurance contract is offered. For actuarially fair, pooling equilibrium contracts, however, land with a minimum quality that is strictl...
متن کاملHidden Insurance in a Moral Hazard Economy
Hidden Insurance in a Moral Hazard Economy We consider an economy where individuals privately choose effort and trade competitively priced securities that pay off with effort-determined probability. We show that if insurance against a negative shock is sufficiently incomplete, then standard functional form restrictions ensure that individual objective functions are optimized by an effort and in...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Agricultural Economics
سال: 2019
ISSN: 0169-5150,1574-0862
DOI: 10.1111/agec.12545