Three Essays on Systemic Risk and Rating in Crop Insurance Markets

Three Essays on Systemic Risk and Rating in Crop Insurance Markets

4.11 - 1251 ratings - Source



The second essay investigates the loss performance of the Federal Crop Insurance program. Historically, government insurance programs tend to be ineffective at segregating risks, leading to markets that are inefficient. In the case of the Federal Crop Insurance program, rates are set non-competitively. This study develops a spatial econometric model of loss experience and finds evidence of geographic misratings. The results also suggest that substantial actuarial cross-subsidization is resulting from the apparent rating inequities, which has a variety of welfare implications.The second essay investigates the loss performance of the Federal Crop Insurance program.


Title:Three Essays on Systemic Risk and Rating in Crop Insurance Markets
Author: Joshua D. Woodard
Publisher:ProQuest - 2008
ISBN-13:

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.


Click button below to register and download Ebook
Privacy Policy | Contact | DMCA