The role of premium subsidies in crop insurance
by Charalampos Mavroutsikos, Konstantinos Giannakas, Cory Walters
This study develops a novel framework of heterogeneous producer attitudes towards risk to analyze different, stated and revealed, roles of crop insurance premium subsidies and underlying policy objectives of the government. The analysis reveals a strong connection and a complementarity between the roles of premium subsidies in increasing producer participation in crop insurance, inducing a desired separating equilibrium in the presence of asymmetric information... Читать дальше...