Observatorio de I+D+i UPM

Memorias de investigación
Communications at congresses:
Ponencia: "Revisiting the demand of agricultural insurance: the case of Spain"
Year:2007
Research Areas
  • Applied economics
Information
Abstract
This paper seeks to characterize the factors that explain crop insurance participation. A stylized model of insurance demand with a simple setup of one crop, CARA preferences yield insurance and pdfs revenue and yield with moment generating functions, provides a number of hypothesis about the incentives to contract crop insurance.In the empirical model we use the actual insurance record of 41.660 Spanish farmers and 12 years of data to estimate six probit models for the insuring versus non-insuring choice based on individual loss rations and the dispertions of indemnities together with idiosyncratic and geographical variables. Results sugest that advers selection is not a major source of inefficiency in the Spanish insurance system, nor is it the primary motivation to contract crop insurance.Conclusions are aplicable to very divers farms in Spain.
International
Si
Congress
101st Seminar of EAAE, Managing of Climate Risks in Agriculture
960
Place
Berlin, Alemania
Reviewers
Si
ISBN/ISSN
Start Date
05/07/2007
End Date
06/07/2007
From page
To page
Participants
  • autor: David Zilberman
  • Autor: Alberto Garrido Colmenero (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Economía Agraria y Gestión de los Recursos Naturales
  • Departamento: Economía y Ciencias Sociales Agrarias
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