Government insurance program design, incentive effects, and technology adoption: The case of skip-row crop insurance

American Journal of Agricultural Economics

Volumn 94, Issue 4, 2012, Pages 823-837

  Woodard, Joshua D ^a   Pavlista, Alexander D ^b   Schnitkey, Gary D ^c   Burgener, Paul A ^b   Ward, Kimberley A ^d  

^a Management at Cornell University ^*  (United States)

^b UNIVERSITY OF NEBRASKA   (United States)

^c UNIVERSITY OF ILLINOIS AT URBANA CHAMPAIGN   (United States)

^d University of Nebraska ^*  (United States)

Author keywords

Adverse selection; Federal Crop Insurance; Insurance design; Insurance pricing; Nonparametric methods; Risk management; Skip row corn; Technology adoption; Yield risk

Indexed keywords

AGRONOMY; CROP PRODUCTION; DATA SET; EFFICIENCY MEASUREMENT; ESTIMATION METHOD; GOVERNANCE APPROACH; INCENTIVE; INSURANCE SYSTEM; MODEL TEST; MULTIVARIATE ANALYSIS; TECHNOLOGY ADOPTION; THEORETICAL STUDY;

ZEA MAYS;

EID: 84862900418     PISSN: 00029092     EISSN: 14678276     Source Type: Journal    
DOI: 10.1093/ajae/aas018     Document Type: Article

References (17)

1. Atwood, J. S. Shaik, and M. Watts. 2003. Are Crop Yields Normally Distributed? A Reexamination. American Journal of Agricultural Economics 85(4):888-901. (Pubitemid 37477467)
2. Abunyewa, A.A. 2008. Efficient Utilization of Water and Nitrogen Resources for Grain Sorghum under Rainfed Conditions. PhD Dissertation, University of Nebraska.
3. Akerlof, G.A. 1970. The Market for "Lemons: Quality Uncertainty and the Market Mechanism." The Quarterly Journal of Economics 84(3): 488-500.
4. Arrow, K.J., "Uncertainty and the Welfare Economics of Medical Care," The American Economic Review, 53-5(Dec., 1963): 941-973.
5. Bowman, A. W., and A. Azzalini, "Applied Smoothing Techniques for Data Analysis: The Kernel Approach with S-Plus Illustrations," Oxford University Press (1997).
6. Hölmstrom, B., "Moral Hazard and Observability," The Bell Journal of Economics, 10-1(Spring, 1979): 74-91.
7. Holt, C.A., and S.K. Laury. "Risk Aversion and Incentive Effects," The American Economic Review, 92-5(Dec. 2002):1644-55.
8. Jaffee, D., "Should the Government Provide Insurance for Catastrophes? Comments on a Paper by J. David Cummins," Federal Reserve Bank of St. Louis Review, 88-4 (July/August 2006):337-379.
9. Lyon, D.J., A.D. Pavlista, G.W. Hergert, R.N. Klein" C.A. Shapiro, S. Knezevic, S.C. Mason, L.A. Nelson, D.D. Baltensperger, R.W. Elmore, M.F. Vigil, A.J. Schlegel, B.L. Olson, and R.M. Aiken, "Skiprow planting patterns stabilize corn grain yields in the Central Great Plains," Crop Management (2009).
10. Palic, D.B., P. Burgener, G.H. Dunn, M.S. Vigil, and A.D. Pavlista, "Analyzing Insurance Implications for Skip-Row Corn Using iFarm Economic Analysis Tool (iFEAT)," 20th Annual High Plains No-Till Conference (February 5-6, 2008).
11. Pavlista, A.D., D.J. Lyon, D.D. Baltensperger, and G.W. Hergert, "Yield Components as Affected by Planting Dryland maize in a Double-Skip Row Pattern," Journal of Crop Improvement, 24(2010):131-141.
12. Rothschild, M., and J. Stiglitz, "Equilibrium in Competitive Insurance Markets:An Essay on the Economics of Imperfect Information," The Quarterly Journal of Economics, 90-4(Nov., 1976): 629-649.
13. Simar, L. and P.W. Wilson, "Estimating and Bootstrapping Malmquist Indices," European Journal of Operational Research, 115(1999): 459-471.
14. Whish J., G. Butle, M. Castor, S. Cawthray, I. Broad, P. Carberry, G. Hammer, G. McLean, R. Routley, and S. Yeates, "Modeling the Effects of Row Configuration on Sorghum Yield in Northeastern Australia," Australian Journal of Agricultural Research 56(2005): 11-23. (Pubitemid 40374534)
15. Woodard, J.D., G.D. Schnitkey, and B.J. Sherrick, "Crop Insurance Ratemaking under Trending Liabilities," Journal of Agricultural and Resource Economics (2011).
16. Woodard, J.D., "Three Essays on Systemic Risk and Rating in Crop Insurance Markets," PhD Dissertation, University of Illinois at Urbana-Champaign (2008). Available online at: http://gradworks.umi.com/33/37/ 3337964.html.
17. Woodard, J.D., G.D. Schnitkey, B.J Sherrick, N. Lozano-Gracia, and L. Anselin, "A Spatial Econometric Investigation of Loss Experience in the U.S. Crop Insurance Program," Journal of Risk and Insurance (2011).