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How do premium subsidies affect crop insurance demand at different coverage levels: the case of corn

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cab a2200000 4500
001  MAP20200005018
003  MAP
005  20220911211258.0
008  200219e20200101che|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎eng‎$d‎MAP
084  ‎$a‎329
1001 ‎$0‎MAPA20110032678‎$a‎Jing, Yi
24510‎$a‎How do premium subsidies affect crop insurance demand at different coverage levels: the case of corn‎$c‎Jing Yi, Henry L. Bryant, James W. Richardson
520  ‎$a‎This study explores the relationship between the demand for federal corn insurance and premium subsidies at each coverage level using county-level data. The study shows that the elasticities of demand with respect to per U.S. dollar net premium vary across insurance plans, coverage levels, and regions. The results indicate that corn producers in riskier regions are more sensitive to premium changes for crop insurance. However, the heterogeneity of demand was overlooked in the majority of existing insurance demand studies, which could result in biased conclusions. In addition, this study estimates the changes in producers' corn insurance purchases if premium subsidy rates were to be reduced by 10 percentage points. The expected change in corn revenue insurance demand at the 75% coverage level in the Southern Plains (- 12.182%) would be three times greater than it is at the 80% coverage level in the Corn Belt (- 4.167%) with a 10 percentage point reduction in premium subsidy rates, similar to the corn yield insurance demand.
650 4‎$0‎MAPA20140005659‎$a‎Subsidios
650 4‎$0‎MAPA20080577001‎$a‎Pago de la prima
650 4‎$0‎MAPA20080584580‎$a‎Demanda de seguros
650 4‎$0‎MAPA20080575328‎$a‎Cultivo agrícola
650 4‎$0‎MAPA20080578213‎$a‎Seguros agrarios
650 4‎$0‎MAPA20080584344‎$a‎Control de riesgos
650 4‎$0‎MAPA20080578848‎$a‎Análisis de datos
651 1‎$0‎MAPA20080638337‎$a‎Estados Unidos
7001 ‎$0‎MAPA20200003502‎$a‎Bryant, Henry L.
7001 ‎$0‎MAPA20200003519‎$a‎Richardson, James W.
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/01/2020 Volumen 45 Número 1 - enero 2020 , p. 5-28