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Advantageous Selection in Crop Insurance: Theory and Evidence.

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Title: Advantageous Selection in Crop Insurance: Theory and Evidence.
Authors: He, Juan, Rejesus, Roderick, Zheng, Xiaoyong, Yorobe, Jr, Jose
Source: Journal of Agricultural Economics. Sep2018, Vol. 69 Issue 3, p646-668. 23p.
Subjects: Crop insurance, Farmers, Externalities, Property insurance, Agricultural scientists
Abstract: Abstract: We extend the recently proposed multi‐dimensional asymmetric information model to show that advantageous selection could be present in crop insurance with two types of coverage: (i) multiple perils (e.g. a multi‐peril, ‘all risk’ policy), and (ii) a specific named peril (or set of perils). Our theoretical model suggests that certain characteristics of an insured farmer (or farm) under both types of coverage can be sources of advantageous selection. Farmers who advantageously select are more likely to purchase insurance coverage and less likely to realise a loss. A supplementary empirical analysis, based on data from the Philippine crop insurance market, illustrates how sources of advantageous selection can be identified econometrically. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Agricultural Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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Header DbId: egs
DbLabel: Engineering Source
An: 131909697
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
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  Data: Advantageous Selection in Crop Insurance: Theory and Evidence.
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  Data: <searchLink fieldCode="AR" term="%22He%2C+Juan%22">He, Juan</searchLink><br /><searchLink fieldCode="AR" term="%22Rejesus%2C+Roderick%22">Rejesus, Roderick</searchLink><br /><searchLink fieldCode="AR" term="%22Zheng%2C+Xiaoyong%22">Zheng, Xiaoyong</searchLink><br /><searchLink fieldCode="AR" term="%22Yorobe%2C+Jr%2C+Jose%22">Yorobe, Jr, Jose</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Crop+insurance%22">Crop insurance</searchLink><br /><searchLink fieldCode="DE" term="%22Farmers%22">Farmers</searchLink><br /><searchLink fieldCode="DE" term="%22Externalities%22">Externalities</searchLink><br /><searchLink fieldCode="DE" term="%22Property+insurance%22">Property insurance</searchLink><br /><searchLink fieldCode="DE" term="%22Agricultural+scientists%22">Agricultural scientists</searchLink>
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  Data: Abstract: We extend the recently proposed multi‐dimensional asymmetric information model to show that advantageous selection could be present in crop insurance with two types of coverage: (i) multiple perils (e.g. a multi‐peril, ‘all risk’ policy), and (ii) a specific named peril (or set of perils). Our theoretical model suggests that certain characteristics of an insured farmer (or farm) under both types of coverage can be sources of advantageous selection. Farmers who advantageously select are more likely to purchase insurance coverage and less likely to realise a loss. A supplementary empirical analysis, based on data from the Philippine crop insurance market, illustrates how sources of advantageous selection can be identified econometrically. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Journal of Agricultural Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1111/1477-9552.12267
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        Text: English
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        PageCount: 23
        StartPage: 646
    Subjects:
      – SubjectFull: Crop insurance
        Type: general
      – SubjectFull: Farmers
        Type: general
      – SubjectFull: Externalities
        Type: general
      – SubjectFull: Property insurance
        Type: general
      – SubjectFull: Agricultural scientists
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      – TitleFull: Advantageous Selection in Crop Insurance: Theory and Evidence.
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              M: 09
              Text: Sep2018
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              Y: 2018
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