Does Federal Crop Insurance Make Environmental Externalities from Agriculture Worse?
نویسندگان
چکیده
منابع مشابه
Does the Samaritan’s Dilemma Matter? Evidence from Crop Insurance
The theory of the Samaritan’s dilemma posits a downside to private or public charity: recipients may begin to rely on free aid instead of their own efforts. An important application is government aid. When the government acts as an “insurer of last resort”, potential beneficiaries may reduce private insurance coverage and instead rely on the government to bail them out. This phenomenon can incr...
متن کاملThe Environmental Impacts of Subsidized Crop Insurance: Crop Insurance & the Extensive Margin
A partial equilibrium model of stochastic crop production is used to analyze the impacts of subsidized crop insurance on the extensive margin of agricultural production. It is shown that land use is unchanged only when an actuarially fair, perfectly separating insurance contract is offered. For actuarially fair, pooling equilibrium contracts, however, land with a minimum quality that is strictl...
متن کاملDoes Federal Disaster Assistance Crowd Out Private Demand for Insurance?
Established in 1984, the Wharton Risk Management and Decision Processes Center develops and promotes effective corporate and public policies for low‐probability events with potentially catastrophic consequences through the integration of risk assessment, and risk perception with risk management strategies. Natural disasters, technological hazards, and national and international security issues ...
متن کاملDoes Federal Assistance Crowd Out Private Demand for Insurance?
We undertake an empirical analysis of the effect of disaster aid on the demand for insurance using a unique panel dataset from Florida. We address endogeneity using instrumental variables that exploit political influence over aid amounts. In zip-codes that receive individual assistance grants, the average insurance coverage decreases by about $17,000. When the average grant given increases by $...
متن کاملDoes Private Insurance Reduce Environmental Accidents ?
| Summer 2012 M any of the risks faced by firms and individuals are spread across the economy through government assurance programs. Prominent examples include bank deposit insurance, pension benefit guarantee funds, and hazardous material cleanup funds. A salient feature of these government assurance programs is the absence of risk-based pricing: they do not charge insured individuals a premiu...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of the Association of Environmental and Resource Economists
سال: 2016
ISSN: 2333-5955,2333-5963
DOI: 10.1086/687549