EconPapers    
Economics at your fingertips  
 

Is there a demand for multi-year crop insurance?

Maria Osipenko, Zhiwei Shen and Martin Odening ()

SFB 649 Discussion Papers from Humboldt University, Collaborative Research Center 649

Abstract: In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop insurance contracts. We show that in a competitive insurance market with heterogeneous risk averse farmers, there is simultaneous demand for both insurance contracts. Moreover, the introduction of multi-year contracts enhances the market penetration of insurance products. Using U.S. corn yield data, we empirically assess the potential of multi-year crop insurance.

Keywords: multi-year insurance; index-based crop insurance; dynamic discrete choice model (search for similar items in EconPapers)
JEL-codes: D81 G22 Q14 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2014-04
New Economics Papers: this item is included in nep-agr, nep-dcm and nep-ias
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2014-025.pdf (application/pdf)

Related works:
Journal Article: Is there a demand for multi-year crop insurance? (2015) Downloads
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:hum:wpaper:sfb649dp2014-025

Access Statistics for this paper

More papers in SFB 649 Discussion Papers from Humboldt University, Collaborative Research Center 649 Contact information at EDIRC.
Bibliographic data for series maintained by RDC-Team ().

 
Page updated 2020-11-29
Handle: RePEc:hum:wpaper:sfb649dp2014-025