TY - JOUR
T1 - Optimal Producer Behavior in the Presence of Area-Yield Crop Insurance
AU - Chambers, Robert
AU - Quiggin, J.
PY - 2002
Y1 - 2002
N2 - Optimal producer behavior in the presence of area-yield insurance is studied. The producer's optimal production and insurance choices are characterized. The effect of the provision of area-yield insurance on production pattern,; is studied, and sufficient condition,, tot the provision of area-yield insurance to increase the riskiness of the individual producer's decisions are derived, A separation result is derived for area-yield insurance contracts and stochastic technologies.
AB - Optimal producer behavior in the presence of area-yield insurance is studied. The producer's optimal production and insurance choices are characterized. The effect of the provision of area-yield insurance on production pattern,; is studied, and sufficient condition,, tot the provision of area-yield insurance to increase the riskiness of the individual producer's decisions are derived, A separation result is derived for area-yield insurance contracts and stochastic technologies.
U2 - 10.1111/1467-8276.00300
DO - 10.1111/1467-8276.00300
M3 - Article
VL - 84
SP - 320
EP - 334
JO - American Journal of Agricultural Economics
JF - American Journal of Agricultural Economics
SN - 0002-9092
IS - 2
ER -