… In this paper we will consider a large and distinctive insurance market—crop insurance …
insurance coverage decisions are consistent with predictions from economic theory. The market …

… Yield insurance (multi-peril crop insurance) causes high … subjects with a rational choice
benchmark would be adequate … weather-index insurance markets in agriculture? An exploratory …

… that a risk-averse, rational farmer facing actuarially fair premium … a farmer’s crop insurance
choice and the related expenditure. … on behalf of farmers to insurance companies. Long-term …

… relevant case where the different insurance options enjoy positive shares of the market. …
associated with the crop insurance options. Regarding the increased producer participation in …

… insurance choice response, total premium and subsidy … a rational decision maker should
choose either the coverage … In addition to market receipts and crop insurance indemnity …

… and insurers, as rational agents, compare crop insurance … financial markets available to
them. Therefore, farmers and … production choices, we show that farmers use crop insurance in a …

… The Italian (subsidized) crop insurance system is … Departures from rationality and non-coherent
choices with … Subsidized insurance market reached a maximum of 265,000 contracts in …

… premiums in their crop insurance coverage choices. The … the event of poor production or
market conditions." 9 Government's … prefers to subsidize agricultural insurance rather than solely …

… Under both programs, private insurance companies charge … Farm Bill with many policy
options, we examine the effects of … The rationale for this result is that, under case 3, indemnity …