An Analysis of Forest Owners Preference Demand for the Forest Insurance

Woowhan Jang

Journal of Rural Development/Nongchon-Gyeongje, 2003, vol. 26, issue 3

Abstract: The purpose of this study is to figure out the necessity of forest insurance, by surveying forest insurance related questionnaires such as understanding of forest disaster control systems, preference of forest insurance types, and willingness to buy the insurance for forest owners. Therefore, this study can present the basic information for establishing a new forest insurance market. The willingness to buy the insurance for forest owners estimated by logit model and probit model. The result is shown that the older forest owner and group forest owner the probability of willingness to buy the insurance is decreased. But, In the case of more government subside to forest insurance payment, larger forest owner the probability of willingness to buy the forest insurance is increased.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:288190

DOI: 10.22004/ag.econ.288190

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