Osipenko, Maria; Shen, Zhiwei; Odening, Martin - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
penetration of insurance products. Using U.S. corn yield data, we empirically assess the potential of multi-year crop insurance. …In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop … insurance contracts. We show that in a competitive insurance market with heterogeneous risk averse farmers, there is …