Crop insurance in a political economy: An alternative perspective on agricultural policy

American Journal of Agricultural Economics

Volumn 85, Issue 2, 2003, Pages 318-335

  Innes, Robert ^a  

^a UNIVERSITY OF ARIZONA   (United States)

Author keywords

Agricultural policy; Crop insurance; Moral hazard; Political economy

Indexed keywords

AGRICULTURAL ECONOMICS; AGRICULTURAL POLICY; AGRICULTURAL PRODUCTION; SUBSIDY SYSTEM;

EID: 0038693734     PISSN: 00029092     EISSN: None     Source Type: Journal    
DOI: 10.1111/1467-8276.00122     Document Type: Article

References (49)

1. Alston, J. and C. Carter, "Causes and Consequences of Farm Policy." Contemporary Policy Issues 9(1991):107-21.
2. Arzac, E. "Income Insurance with Uncertain Output." International Economic Review 30(1989):561-70.
3. Babcock, B.A., C.A. Carter and A. Schmitz. "The Political Economy of U.S. Wheat Legislation." Economic Inquiry 28(1990 ):335-53.
4. Babcock, B.A. and D.A. Hennessey. "Input Demand under Yield and Revenue Insurance." American Journal of Agricultural Economics 78(1996):416-27.
5. Bhagwati, J. "Is Free Trade Passe After All?" Acceptance speech on the occasion of the award of the Bernhard Harms Prize at Kiel, Germany, 25 June 1988.
6. Bourgeon, J.M. and R.G. Chambers. " Stop and Go Agricultural Policies." American Journal of Agricultural Economics 82(2000):1-13.
7. Bullock, D.S. "In Search of Rational Government: What Political Preference Function Studies Measure and Assume." American Journal of Agricultural Economics 76(1994):347-61.
8. Chambers, R.G. "Insurability and Moral Hazard in Agricultural Insurance Markets." American Journal of Agricultural Economics 71(1989):604-16.
9. Chambers, R.G. "On the Design of Agricultural Policy Mechanisms." American Journal of Agricultural Economics 74(1992 ):646-54.
10. Coate, S. and S. Morris. "On the Form of Transfers to Special Interests." Unpublished paper, University of Pennsylvania, 1993.
11. Coble, K.H., T.O. Knight, R.D. Pope and J.R. Williams. "An Expected-Indemnity Approach to the Measurement of Moral Hazard in Crop Insurance." American Journal of Agricultural Economics 79(1997 ):216-26.
12. Dismukes, R. "Recent Developments in Crop Yield and Revenue Insurance." Agricultural Outlook 2(2000):21-26.
13. Economic Report of the President (ERP). Council of Economic Advisers. Washington DC, 1995.
14. Feenstra, R.C. and T.R. Lewis. "Negotiated Trade Restrictions With Private Political Pressure." Quarterly Journal of Economics 106(1991):1287-1307.
15. Fullerton, D. "Reconciling Recent Estimates of the Marginal Welfare Cost of Taxation." American Economic Review 81(1991 ):302-308.
16. Gardner, B. "Efficient Redistribution through Commodity Markets." American Journal of Agricultural Economics 65(1983 ):225-34.
17. Gardner, B.L. "Causes of U.S. Farm Commodity Programs." Journal of Political Economy 95(1987):290-310.
18. Gardner, B. "The Political Economy of Agricultural Pricing Policy." World Economy 16(1993):611-19.
19. Goodwin, B.K. and A.P. Ker. "Nonparametric Estimation of Crop Yield Distributions: Implications for Rating Group-Risk (GRP) Crop Insurance Contracts." American Journal of Agricultural Economics 80(1998):139-53.
20. Grossman, G.M. and E. Helpman. "Protection for Sale." American Economic Review 84(1994):833-50.
21. Hart, C. and B. Babcock. "Implications of the WTO on the Redesign of U.S. Farm Policy." Briefing Paper 01-BP32, CARD, Iowa State University, May 2001.
22. Horowitz, J.K. and E. Lichtenberg. "Insurance, Moral Hazard, and Chemical Use in Agricultural." American Journal of Agricultural Economics 75(1993):926-35.
23. Hueth, B. "Mechanism Design and Agricultural Policy Goals." American Journal of Agricultural Economics 82(2000):14-24.
24. Innes, R. "An Essay on Takings: Concepts and Issues." Choices 1(1995):4-45.
25. Innes, R. and R.J. Sexton. "Customer Coalitions, Monopoly Price Discrimination and Generic Entry Deterrence." European Economic Review 37(1993):1569-97.
26. Just, R.E., L. Calvin and J. Quiggin. "Adverse Selection in Crop Insurance: Actuarial and Asymmetric Information Incentives." American Journal of Agricultural Economics 81(1999):834-849.
27. Ker, A.P. "Private Insurance Companies in the U.S. Crop Insurance Program." Choices 3(1999):39-40.
28. Ker, A.P. and B.K. Goodwin. "Nonparametric Estimation of Crop Insurance Rates Revisited." American Journal of Agricultural Economics 82(2000):463-78.
29. LaFrance, J.T., J. Shimshack and S. Wu. "Subsidized Crop Insurance and the Extensive Margin." American Journal of Agricultural Economics, in press.
30. Lee, H., J. Harwood and A. Somwaru. "Implications of Disaster Assistance Reform for Non-insured Crops." American Journal of Agricultural Economics 79(1997):419-29.
31. Magee, S.P., W.A. Brock and L. Young. Black Hole Tariffs and Endogenous Policy Theory. Cambridge University Press, Cambridge, 1989.
32. Miranda, M.J. "Area Yield Insurance Reconsidered." American Journal of Agricultural Economics 73(1991):233-42.
33. Miranda, M.J. and J.W. Glauber. "Systemic Risk, Reinsurance, and the Failure of Crop Insurance Markets." American Journal of Agricultural Economics 79(1997):206-15.
34. Myers, R. "Intervention Bias in Agricultural Policy." Agricultural Economics 7(1992):209-24.
35. Nelson, C. and E. Loehman. "Further Toward a Theory of Agricultural Insurance." American Journal of Agricultural Economics 69(1987):523-31.
36. Peltzman, S. "Toward a More General Theory of Regulation." Journal of Law & Economics 19(1976):211-41.
37. Quiggin, J. "The Optimal Design of Crop Insurance." In D. Hueth and W. Furtan, eds. Economics of Agricultural Crop Insurance: Theory and Evidence. pp. 115-134. Kluwer, Boston, 1994.
38. Rasmussen, E.B., J.M. Ramseyer and J.S. Wiley. "Naked Exclusion." American Economic Review 81(1991):1137-45.
39. Rausser, G.C. and W.E. Foster. "Political Preference Functions and Agricultural Policy Reform." American Journal of Agricultural Economics 72(1990):641-52.
40. Rausser, G.C. and W.E. Foster. "Political Preference Functions and Agricultural Policy Reform: Reply." American Journal of Agricultural Economics 74(1992):227-30.
41. Rodrik, D. "Tariffs, Subsidies, and Welfare with Endogenous Policy." Journal of International Economics 21(1986):285-96.
42. Rodrik, D. "Political Economy of Trade Policy." In G. Grossman and K. Rogoff, eds. Handbook of International Economics, vol. 3. pp. 1457-94. Elsevier, Amsterdam, 1995.
43. Skees, J.R., J.R. Black and B.J. Barnett. "Designing and Rating and Area Yield Crop Insurance Contract." American Journal of Agricultural Economics 79(1997):430-38.
44. Smith, V.H. and B.K. Goodwin. "Crop Insurance, Moral Hazard, and Agricultural Chemical Use." American Journal of Agricultural Economics 78(1996):428-38.
45. Staigler, R. and G. Tabellini. "Discretionary Trade Policy and Excessive Protection." American Economic Review 77(1987):340-48.
46. Stokes, J.R., W.I. Nayda and B.C. English. "The Pricing of Revenue Assurance." American Journal of Agricultural Economics 79(1997):439-51.
47. Vercammen, J. and G.C. van Kooten. "Moral Hazard Cycles in Individual-Coverage Crop Insurance." American Journal of Agricultural Economics 76(1994):250-61.
48. Wilson, J.D. "Are Efficiency Improvements in Government Transfer Policies Self-Defeating in Equilibrium?" Economics & Politics 2(1990):241-58.
49. Wright, B.D. "Goals and Realities for Farm Policy." In D. Sumner, ed. Agricultural Policy Reform in the United States. pp. 9-44. AEI Press, Washington DC, 1995.