Moral Hazard in Compulsory Insurance – Evidence from a Quasi-Experiment on Hog Insurance in China
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.315356
Download full text from publisher
References listed on IDEAS
- Morduch, Jonathan & Sicular, Terry, 2000.
"Politics, growth, and inequality in rural China: does it pay to join the Party?,"
Journal of Public Economics, Elsevier, vol. 77(3), pages 331-356, September.
- Jonathan Morduch & Terry Sicular, 1998. "Politics, Growth and Inequality in Rural China: Does It Pay To Join the Party?," Harvard Institute of Economic Research Working Papers 1832, Harvard - Institute of Economic Research.
- Dean Karlan & Robert Osei & Isaac Osei-Akoto & Christopher Udry, 2014.
"Agricultural Decisions after Relaxing Credit and Risk Constraints,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(2), pages 597-652.
- Dean Karlan & Christopher Udry & Isaac Osei-Akoto & Robert Darko Osei, 2012. "Agricultural Decisions after Relaxing Credit and Risk Constraints," Working Papers 1019, Economic Growth Center, Yale University.
- Karlan, Dean & Osei-Akoto, Isaac & Osei, Robert Darko & Udry, Christopher, 2012. "Agricultural Decisions after Relaxing Credit and Risk Constraints," Working Papers 110, Yale University, Department of Economics.
- Dean Karlan, Robert Osei, Isaac Osei-Akoto, and Christopher Udry, 2012. "Agricultural Decisions after Relaxing Credit and Risk Constraints," Working Papers 310, Center for Global Development.
- Karlan, Dean S. & Udry, Christopher R. & Osei-Akoto, Isaac & Osei, Robert, 2012. "Agricultural Decisions after Relaxing Credit and Risk Constraints," Center Discussion Papers 139887, Yale University, Economic Growth Center.
- Dean Karlan & Robert Darko Osei & Isaac Osei-Akoto & Christopher Udry, 2012. "Agricultural Decisions after Relaxing Credit and Risk Constraints," NBER Working Papers 18463, National Bureau of Economic Research, Inc.
- Udry, Christopher & Karlan, Dean & Osei, Robert & Osei-Akoto, Isaac, 2012. "Agricultural Decisions after Relaxing Credit and Risk Constraints," CEPR Discussion Papers 9173, C.E.P.R. Discussion Papers.
- Apurba Shee & Calum G. Turvey, 2012. "Collateral-free lending with risk-contingent credit for agricultural development: indemnifying loans against pulse crop price risk in India," Agricultural Economics, International Association of Agricultural Economists, vol. 43(5), pages 561-574, September.
- Shawn Cole & Xavier Giné & James Vickery, 2017.
"How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment,"
The Review of Financial Studies, Society for Financial Studies, vol. 30(6), pages 1935-1970.
- Xavier Gine & James Vickery & Shawn Cole, 2013. "How Does Risk Management Influence Production Decisions? Evidence From a Field Experiment," 2013 Meeting Papers 676, Society for Economic Dynamics.
- Shawn Cole & Xavier Gine & James Vickery, 2014. "How does risk management influence production decisions? evidence from a field experiment," Staff Reports 692, Federal Reserve Bank of New York.
- Cole,Shawn A. & Gine,Xavier & Vickery,James, 2013. "How does risk management influence production decisions? evidence from a field experiment," Policy Research Working Paper Series 6546, The World Bank.
- Michael J. Roberts & Nigel Key & Erik O'Donoghue, 2006.
"Estimating the Extent of Moral Hazard in Crop Insurance Using Administrative Data,"
Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(3), pages 381-390.
- Michael J. Roberts & Nigel Key & Erik O'Donoghue, 2006. "Estimating the Extent of Moral Hazard in Crop Insurance Using Administrative Data ," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(3), pages 381-390.
- Richard E. Just & Linda Calvin & John Quiggin, 1999.
"Adverse Selection in Crop Insurance: Actuarial and Asymmetric Information Incentives,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(4), pages 834-849.
- Just, Richard E. & Calvin, Linda & Quiggin, John, 1993. "Adverse Selection in Crop Insurance: Actuarial and Asymmetric Information Incentives," Working Papers 197809, University of Maryland, Department of Agricultural and Resource Economics.
- Jisang Yu & Nathan P. Hendricks, 2020. "Input Use Decisions with Greater Information on Crop Conditions: Implications for Insurance Moral Hazard and the Environment," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 826-845, May.
- John C. Quiggin & Giannis Karagiannis & J. Stanton, 1993.
"Crop Insurance And Crop Production: An Empirical Study Of Moral Hazard And Adverse Selection,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 37(2), pages 95-113, August.
- Quiggin, John C. & Karagiannis, Giannis & Stanton, J., 1993. "Crop Insurance And Crop Production: An Empirical Study Of Moral Hazard And Adverse Selection," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(2), pages 1-19, August.
- Jin, Yanhong & Fan, Maoyong & Cheng, Mingwang & Shi, Qinghua, 2014. "The economic gains of cadre status in rural China: Investigating effects and mechanisms," China Economic Review, Elsevier, vol. 31(C), pages 185-200.
- Hongbin Cai & Yuyu Chen & Hanming Fang & Li-An Zhou, 2015. "The Effect of Microinsurance on Economic Activities: Evidence from a Randomized Field Experiment," The Review of Economics and Statistics, MIT Press, vol. 97(2), pages 287-300, May.
- Keith H. Coble & Thomas O. Knight & Rulon D. Pope & Jeffery R. Williams, 1997. "An Expected-Indemnity Approach to the Measurement of Moral Hazard in Crop Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 216-226.
- John K. Horowitz & Erik Lichtenberg, 1993. "Insurance, Moral Hazard, and Chemical Use in Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(4), pages 926-935.
- Jeffrey Pai & Milton Boyd & Lysa Porth, 2015. "Insurance Premium Calculation Using Credibility Analysis: An Example From Livestock Mortality Insurance," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 82(2), pages 341-357, June.
- Liang, Yan & Coble, Keith H., 2009. "A Cost Function Analysis of Crop Insurance Moral Hazard and Agricultural Chemical Use," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49485, Agricultural and Applied Economics Association.
- Vincent H. Smith & Barry K. Goodwin, 1996. "Crop Insurance, Moral Hazard, and Agricultural Chemical Use," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(2), pages 428-438.
- Xudong Rao & Yuehua Zhang, 2020. "Livestock insurance, moral hazard, and farmers’ decisions: a field experiment among hog farms in China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(1), pages 134-156, January.
- Carl H. Nelson & Edna T. Loehman, 1987. "Further Toward a Theory of Agricultural Insurance," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 523-531.
- Hill, Ruth Vargas & Kumar, Neha & Magnan, Nicholas & Makhija, Simrin & de Nicola, Francesca & Spielman, David J. & Ward, Patrick S., 2019. "Ex ante and ex post effects of hybrid index insurance in Bangladesh," Journal of Development Economics, Elsevier, vol. 136(C), pages 1-17.
- Yuehua Zhang & Xi Zhu & Calum G Turvey, 2016. "On the Impact of Agricultural Livestock Microinsurance on Death-Loss, Production and Vaccine Use: Observations from a Quasi-Natural Experiment in China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 41(2), pages 225-243, April.
- Zhang, Yuehua & Rao, Xudong & Wang, H. Holly, 2019. "Organization, technology and management innovations through acquisition in China’s pork value chains: The case of the Smithfield acquisition by Shuanghui," Food Policy, Elsevier, vol. 83(C), pages 337-345.
- Hongbin Li & PakWai Liu & Junsen Zhang & Ning Ma, 2007.
"Economic Returns to Communist Party Membership: Evidence From Urban Chinese Twins,"
Economic Journal, Royal Economic Society, vol. 117(523), pages 1504-1520, October.
- Li, Hongbin & Liu, Pak-Wai & Zhang, Junsen & Ma, Ning, 2006. "Economic Returns to Communist Party Membership: Evidence from Urban Chinese Twins," IZA Discussion Papers 2118, Institute of Labor Economics (IZA).
- Robert G. Chambers, 1989. "Insurability and Moral Hazard in Agricultural Insurance Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(3), pages 604-616.
- Juan He & Xiaoyong Zheng & Roderick M. Rejesus & Jose M. Yorobe, 2019. "Moral hazard and adverse selection effects of cost‐of‐production crop insurance: evidence from the Philippines," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(1), pages 166-197, January.
- Milton Boyd & Jeffrey Pai & Lysa Porth, 2013. "Livestock mortality insurance: development and challenges," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 73(2), pages 233-244, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:ags:aaea22:335431 is not listed on IDEAS
- Xudong Rao & Yuehua Zhang, 2020. "Livestock insurance, moral hazard, and farmers’ decisions: a field experiment among hog farms in China," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(1), pages 134-156, January.
- Peilu Zhang & Marco A. Palma, 2021.
"Compulsory Versus Voluntary Insurance: An Online Experiment,"
American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(1), pages 106-125, January.
- Zhang, Peilu & Palma, Marco A., 2018. "Compulsory versus Voluntary Insurance: An Online Experiment," 2018 Annual Meeting, August 5-7, Washington, D.C. 274047, Agricultural and Applied Economics Association.
- Zhang, Peilu & Palma, Marco A, 2018. "Compulsory versus Voluntary Insurance: An Online Experiment," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266654, Southern Agricultural Economics Association.
- Vigani, Mauro & Khafagy, Amr & Berry, Robert, 2024. "Public spending for agricultural risk management: Land use, regional welfare and intra-subsidy substitution," Food Policy, Elsevier, vol. 123(C).
- Sankalp Sharma & Cory G. Walters, 2020. "Influence of farm size and insured type on crop insurance returns," Agribusiness, John Wiley & Sons, Ltd., vol. 36(3), pages 440-452, June.
- Coleman, Jane A. & Shaik, Saleem, 2009. "Time-Varying Estimation of Crop Insurance Program in Altering North Dakota Farm Economic Structure," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49516, Agricultural and Applied Economics Association.
- Joseph A. Atwood & James F. Robison-Cox & Saleem Shaik, 2006. "Estimating the Prevalence and Cost of Yield-Switching Fraud in the Federal Crop Insurance Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 88(2), pages 365-381.
- He, Juan & Zheng, Xiaoyong & Rejesus, Roderick M. & Yorobe Jr., Jose M., 2019. "Moral hazard and adverse selection effects of cost-of-production crop insurance: evidence from the Philippines," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(1), January.
- Feng, Shuaizhang & Han, Yujie & Qiu, Huanguang, 2021. "Does crop insurance reduce pesticide usage? Evidence from China," China Economic Review, Elsevier, vol. 69(C).
- Rejesus, Roderick M. & Lovell, Ashley C. & Little, Bertis B. & Cross, Mike H., 2003.
"Determinants of Anomalous Prevented Planting Claims: Theory and Evidence from Crop Insurance,"
Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 32(2), pages 1-15, October.
- Rejesus, Roderick M. & Lovell, Ashley C. & Little, Bertis B. & Cross, Mike H., 2003. "Determinants of Anomalous Prevented Planting Claims: Theory and Evidence from Crop Insurance," Agricultural and Resource Economics Review, Cambridge University Press, vol. 32(2), pages 244-258, October.
- Atwood, Joseph A. & Robinson-Cox, Jim & Shaik, Saleem, 2004. "A Statistical Examination Of Yield Switching Fraud In The Federal Crop Insurance Program," 2004 Annual meeting, August 1-4, Denver, CO 19983, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Cai, Rong & Ma, Jie & Wang, shujuan & Cai, Shukai, 2024. "Can crop insurance help optimize farmers’ decisions on pesticides use? Evidence from family farms in East China," Journal of Asian Economics, Elsevier, vol. 92(C).
- Shaik, Saleem & Atwood, Joseph A., 2002. "Optional Unit Policy In Crop Insurance," 2002 Annual meeting, July 28-31, Long Beach, CA 19741, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Paloch Suchato & Taro Mieno & Karina Schoengold & Timothy Foster, 2022.
"The potential for moral hazard behavior in irrigation decisions under crop insurance,"
Agricultural Economics, International Association of Agricultural Economists, vol. 53(2), pages 257-273, March.
- Suchato, Paloch & Mieno, Taro & Schoengold, Karina & Foster, Timothy, 2019. "The Potential for Moral Hazard Behavior in Irrigation Decisions under Crop Insurance," 2019 Annual Meeting, July 21-23, Atlanta, Georgia 291090, Agricultural and Applied Economics Association.
- Vedenov, Dmitry V. & Barnett, Barry J., 2004. "Efficiency of Weather Derivatives as Primary Crop Insurance Instruments," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(3), pages 1-17, December.
- Salazar, Cesar & Jaime, Marcela & Pinto, Cristian & Acuna, Andres, 2019.
"Interaction between crop insurance and technology adoption decisions: The case of wheat farmers in Chile,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(3), July.
- César Salazar & Marcela Jaime & Cristián Pinto & Andrés Acuña, 2019. "Interaction between crop insurance and technology adoption decisions: The case of wheat farmers in Chile," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(3), pages 593-619, July.
- Liguo Zhang & Xuerong Li, 2016. "The Impact of Traditional Culture on Farmers’ Moral Hazard Behavior in Crop Production: Evidence from China," Sustainability, MDPI, vol. 8(7), pages 1-15, July.
- Sarah Janzen & Nicholas Magnan & Conner Mullally & Soye Shin & I. Bailey Palmer & Judith Oduol & Karl Hughes, 2021. "Can Experiential Games and Improved Risk Coverage Raise Demand for Index Insurance? Evidence from Kenya," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(1), pages 338-361, January.
- Yuehua Zhang & Ying Cao & H. Holly Wang, 2018. "Cheating? The Case of Producers’ Under‐Reporting Behavior in Hog Insurance in China," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 66(3), pages 489-510, September.
- Jisang Yu & Nathan P. Hendricks, 2020. "Input Use Decisions with Greater Information on Crop Conditions: Implications for Insurance Moral Hazard and the Environment," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 826-845, May.
- Hui Mao & Shaojian Chen & RuiYao Ying & Yong Fu, 2023. "How crop insurance influences agrochemical input use: Evidence from cotton farmers in China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(2), pages 224-244, April.
More about this item
Keywords
Agricultural Finance; Livestock Production/Industries;NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGR-2021-11-29 (Agricultural Economics)
- NEP-EXP-2021-11-29 (Experimental Economics)
- NEP-IAS-2021-11-29 (Insurance Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:iaae21:315356. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/iaaeeea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.