Three Essays on A Multiyear Crop Insurance Contract

淡江大學機構典藏 > 商管學院 > 風險管理與保險學系 > 學位論文 > Item 987654321/78755

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題名:	Three Essays on A Multiyear Crop Insurance Contract
作者:	Chen, Ying-erh
貢獻者:	淡江大學保險學系
日期:	2010-12
上傳時間:	2012-10-21 16:46:27 (UTC+8)
出版者:	North Carolina State University
摘要:	This study focused on how to redesign MPCI and GRP so that they are more attractive to farmers. Here we propose multiyear MPCI and GRP that insurance terms are extended to more than a year. Our simulation results showed that the actuarially-fair rate for a multiyear insurance program was lower than the actuarially-fair rate for a single year insurance program when the correlation of yield distribution among years decreased. Our real data results also showed that the correlations of yields among years are not strong. Therefore, the proposed multiyear insurance program can be practical and will provide more interests for farmers to participate in the MPCI and GRP. We also discussed farmers’ welfare under different crop insurance plans. We are concerned about producers’ participation and producers’ behaviors if multiyear insurance plans become available. As optimal coverage levels can reflect both the decision to participate and producers’ behavior when buying insurance, we used empirical models to simulate a producer’s decisions given price and yield risks and with various degrees of risk aversion. We focused on three scenarios of risk aversion that represent the risk preferences commonly reported in the empirical literature, high risk aversion, and risk neutrality.
顯示於類別:	[風險管理與保險學系] 學位論文

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