Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach

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dc.creatorShaik, Saleem
dc.creatorCoble, Keith H.
dc.creatorKnight, Thomas O.
dc.creatorBaquet, Alan E.
dc.creatorPatrick, George F.
dc.date2017-04-01T19:50:35Z
dc.date.accessioned2026-07-09T04:40:33Z
dc.descriptionA multinomial logit is utilized to model the choice of whether to purchase yield or revenue insurance using subjectively elicited survey data. Our results indicate that the demand for crop insurance is inelastic (-0.40), consistent with most earlier yield elasticity estimates, but the elasticity for choices between yield and revenue insurance is found to be relatively more elastic (-0.88).
dc.identifierdoi:10.22004/ag.econ.47256
dc.identifierhttps://ageconsearch.umn.edu/record/47256/files/jaae-40-03-757.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/47256
dc.identifier.urihttp://hdl.handle.net/123456789/553338
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/47256
dc.titleCrop Revenue and Yield Insurance Demand: A Subjective Probability Approach
dc.typeText

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