Shaik, Saleem; Atwood, Joseph A. - Agricultural and Applied Economics Association - AAEA - 2002
variability) and moral hazard (interspatial and/or residual variability) as revealed by the choice of optional units in Federal … adverse selection and/or moral hazard in optional unit provision are estimated to be as high as $180 million in US cotton over … the 1996-2000 period. Keywords: Adverse Selection, Moral Hazard, Optional Unit Policy, Crop Insurance, U.S. Cotton, Logit …