rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: An
    title: examination of the existence and consequences of asymmetric information in multiple peril crop insurance programs
  name:
    name part: Coble, Keith Harlan.
    role:
      role term: creator
  name:
    name part: Knight, Thomas O.
    role:
      role term: degree supervisor.
  name:
    name part: Bessler, David
    role:
      role term: degree committee member.
  name:
    name part: Larke, Alvin
    role:
      role term: degree committee member.
  name:
    name part: Mjelde, James
    role:
      role term: degree committee member.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses
  origin info:
    place:
      place term: xx
    date issued: 1993
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: xi, 150 leaves : illustrations ; 28 cm
  abstract: This dissertation reports investigations of asymmetric information in the U.S. Multiple Peril Crop Insurance (MPCI) program. This program has been strongly criticized for failing to maintain actuarial soundness or to attract acceptable levels of producer participation. Previous research has suggested that two forms of asymmetric information - adverse selection and moral hazard - may hinder the actuarial soundness of and the demand for MPCI, however little empirical evidence of either adverse selection or moral hazard has been provided. This research develops theoretically-based empirical models to test for the existence and measure the magnitude of moral hazard and adverse selection. These models are then applied to data for Kansas wheat farms. Additionally, a measure of asymmetric information is incorporated into a model of MPCI participation by Kansas wheat farms. Chapter I provides and overview of the program's actuarial soundness and participation during the 1980's. Additionally, previous research investigating these issues is discussed. In Chapter II the history and structure of the MPCI program is described. The history of multiple peril crop insurance in the U.S. since the early 1900's is reviewed. Specific attention is given the program as revised in 1980. This discussion includes explanations of the provisions of the contract offered to producers and the rate setting process used by the FCIC. The first essay, Chapter III, reports an analysis in which conditional beta distributions were fitted to producer level yield data in a test for the presence and magnitude of both adverse selection and moral hazard among Kansas wheat producers. Little evidence of adverse selection is found, but moral hazard is indicated in five of nine crop reporting districts. Chapter IV reports a further examination of moral hazard which distinguishes moral hazard with hidden action from moral hazard with hidden knowledge. The results suggest that moral hazard with hidden action is m…
  note: Vita.
  note: "Major subject: Agricultural Economics."
  note: Includes bibliographical references.
  note: Ph. D. Texas A & M University 1993
  subject:
    topic: Major agricultural economics
  identifier: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  record info:
    record content source: TXA
    record creation date: 960224
    record change date: 20200904152652.0
    record identifier: in00001258100
    language of cataloging:
      language term: eng