CROP INSURANCE CONTRACTING: MORAL HAZARD COSTS THROUGH SIMULATION

Robert Weaver and Taeho Kim

No 20729, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Moral hazard costs are estimated using a new crop insurance design approach. The simulation results show that incorporation of incentive compatibility constraints into insurance design can substantially reduce moral hazard costs.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 17
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/20729/files/sp01we03.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:aaea01:20729

DOI: 10.22004/ag.econ.20729

Access Statistics for this paper

More papers in 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().