THE ECONOMICS OF INSURING CROPS AGAINST DROUGHT

Peter Bardsley, Arun Abey and Scott V. Davenport

Australian Journal of Agricultural Economics, 1984, vol. 28, issue 01, 14

Abstract: The necessary conditions for the existence of a financially viable crop insurance scheme against drought are examined. A supply and demand model for crop insurance is developed which identifies the parameters that are critical to the efficiency of such a scheme. The values of these parameters are estimated by using data from the Australian wheat industry. It is found that crop insurance against drought would appear to be unattractive from an efficiency point of view.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 1984
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Citations: View citations in EconPapers (25)

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Journal Article: THE ECONOMICS OF INSURING CROPS AGAINST DROUGHT (1984)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22590

DOI: 10.22004/ag.econ.22590

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