Optimization of Structure of Agricultural Insurance Subsidies: A Multi-task Principal Agent Model

Qi Huang

Asian Agricultural Research, 2021, vol. 13, issue 12

Abstract: Optimizing the structure of agricultural insurance subsidies is of great significance to increasing the supply of agricultural insurance and strengthening the effects of agricultural insurance policies. This paper optimized the structure of agricultural insurance subsidies. It decomposed insurance activities into three parts: underwriting, claim settlement, and agricultural services. Next, it incorporated adverse selection risks, moral hazards, agricultural production and operation risks, insurance company’s behavioral decisions and its risk attitudes into the multi-task principal agent analysis framework. Finally, it discussed how the government designs a subsidy mechanism and adjusts the subsidy structure to increase the insurance supply.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/317731/files/O ... %20Agent%20Model.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:asagre:317731

DOI: 10.22004/ag.econ.317731

Access Statistics for this article

More articles in Asian Agricultural Research from USA-China Science and Culture Media Corporation
Bibliographic data for series maintained by AgEcon Search ().