Crop insurance demand in wheat production: focusing on yield gaps and asymmetric information

Crop Revenue and Yield Insurance Demand: A Subjective Probability Approach

Yield and Production Gaps in Rainfed Wheat, Barley, and Canola in Alberta

Improving crop yields are essential to meet the increasing pressure of global food demands. The loss of high quality land, the slowing in annual yield increases of major cereals, increasing fertilizer use, and the effect of this on the environment all indicate that we need to develop new strategies to increase grain yields with less impact on the environment. One strategy that could help addres...

Experimental Identification of Asymmetric Information: Evidence on Crop Insurance in the Philippines

Asymmetric information imposes costs on a wide range of markets and may explain why some important markets, such as most agricultural insurance markets, have failed to develop. It is hard to empirically identify the different dimensions of asymmetric information but doing so is crucial for improving efficiency and solving market failures. I develop a new experimental methodology and apply it to...

The Effect of Asymmetric Information in the Money Market on Investment, Employment, and Production in Iran

Nowadays, banks are considered as one of the major components of the financial system of a country and any deficits and malfunction in the banking system will negatively affect the performance of the real sector. Therefore, there is a need for more investigation on the behavior of banks and factors affecting those behaviors in a country. One of the issues that affect the behavior of banks is sy...

Testing for Asymmetric Information in Automobile Insurance Market an Iranian Insurance Company

The presence of asymmetric information is an important source of efficiency loss for insurance companies and could reduce profitability. In this paper, we test the conditional independence of coverage choice and risk, where “conditional” means conditional on all variables observed by the insurer. We use two parametric methods: a pair of probits and a bivariate probit model. The data includes al...