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Livestock insurance, moral hazard, and farmers' decisions: a field experiment among hog farms in China

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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001  MAP20200005063
003  MAP
005  20200221135056.0
008  200219e20200101che|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎eng‎$d‎MAP
084  ‎$a‎329.3
1001 ‎$0‎MAPA20200003601‎$a‎Rao, Xudong
24510‎$a‎Livestock insurance, moral hazard, and farmers' decisions: a field experiment among hog farms in China‎$c‎Xudong Rao, Yuehua Zhang
520  ‎$a‎Moral hazard is believed to influence farmers' production decisions and undermine the effectiveness of insurance programmes. In this study, a 2-year field experiment is conducted among hog farms in four townships in China to investigate the effects of a government-subsidised insurance programme on farmers' decisions and production outcomes. A joint estimation procedure combining propensity score matching with difference-in-difference is deployed to control for selection bias caused by observable and unobservable heterogeneity between treatment and control groups. We find robust evidence that this insurance programme has led to increased hog mortality rates, suggesting the possible presence of hazardous actions. Meanwhile, hog stock levels have remained unaffected by insurance participation, contradicting findings in previous studies. Furthermore, insurance participation is found to increase farmers' willingness to report animal diseases to governments, thereby facilitating government efforts to prevent and monitor outbreaks of animal disease epidemics.
650 4‎$0‎MAPA20080578176‎$a‎Seguro de ganado
650 4‎$0‎MAPA20080569075‎$a‎Ganado porcino
650 4‎$0‎MAPA20080561215‎$a‎Agricultores
650 4‎$0‎MAPA20080562410‎$a‎Experimentos
650 4‎$0‎MAPA20080544096‎$a‎Granjas
650 4‎$0‎MAPA20080564049‎$a‎Riesgo moral
650 4‎$0‎MAPA20080550639‎$a‎Epidemias
650 4‎$0‎MAPA20080555306‎$a‎Mortalidad
651 1‎$0‎MAPA20080644178‎$a‎China
700  ‎$0‎MAPA20160005196‎$a‎Zhang, Yuehua
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. 134- 156