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Spatiotemporal Modeling of Asian Citrus Canker Risks: Implications for Insurance and Indemnification Fund Models

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  • Barry K. Goodwin
  • Nicholas E. Piggott

Abstract

Asiatic citrus canker is a disease that poses a significant hazard to commercial citrus production. This article examines spatiotemporal models of the risks of citrus canker transmission. Models evaluate risks and are used to price annual contracts, which would pay producers a prespecified indemnity in the event that their grove is found to be infected with canker. Implications for risk management policy are discussed. Copyright 2009, Oxford University Press.

Suggested Citation

  • Barry K. Goodwin & Nicholas E. Piggott, 2009. "Spatiotemporal Modeling of Asian Citrus Canker Risks: Implications for Insurance and Indemnification Fund Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(4), pages 1038-1055.
    • Handle: RePEc:oup:ajagec:v:91:y:2009:i:4:p:1038-1055
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    File URL: http://hdl.handle.net/10.1111/j.1467-8276.2009.01321.x
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    Cited by:

    1. Bekkerman, Anton & Piggott, Nicholas E. & Goodwin, Barry K. & Jefferson-Moore, Kenrett, 2012. "A Market-based Mitigation Program for Wind-borne Diseases," Agricultural and Resource Economics Review, Cambridge University Press, vol. 41(2), pages 175-188, August.
    2. Du, Xiaodong & Carriquiry, Miguel A., 2013. "Spatiotemporal analysis of ethanol market penetration," Energy Economics, Elsevier, vol. 38(C), pages 128-135.
    3. Rintaro Yamaguchi, 2021. "Genuine Savings and Sustainability with Resource Diffusion," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(2), pages 451-471, October.

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