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dc.contributor.authorSun, Mingwei
dc.date.accessioned2019-10-15T15:31:47Z
dc.date.available2019-10-15T15:31:47Z
dc.date.issued2019-05-30
dc.identifier.otherSun_cornell_0058O_10512
dc.identifier.otherhttp://dissertations.umi.com/cornell:10512
dc.identifier.otherbibid: 11050409
dc.identifier.urihttps://hdl.handle.net/1813/67427
dc.description.abstractAgricultural insurance is rapidly becoming one of the most important policy initiatives in Chinese agriculture. While numerous studies have examined crop insurance in China, several important aspects of the problem remain elusive. One of these is the determination of the demand for agricultural insurance and the willingness to pay (WTP) for coverage relative to risk, amongst other important attributes. The current pricing structure in China is relatively homogenous, with farmers paying a similar rate regardless of local conditions. Under these conditions, determining a ‘true’ demand response to different premium structures is difficult because there is insufficient exogenous variation in premiums from which to judge. To overcome this problem, I conducted in-the-field discrete choice experiments involving 417 farmers across 5 Chinese provinces in 2018. Overall, farmers prefer a crop insurance with lower premium, higher indemnity, issued by a state-owned insurance company and is acceptable as a loan collateral when given a higher frequency of disaster. In addition, it was found that education, years of farming, connection with government, economic situation and knowledge on crop insurance affect farmers’ ranking and willingness to pay for the above attributes. Since the research focuses on both overall demand and regional differences, the findings help to better design the insurance products in order to meet the actual demand of the farmers in that particular area and provide benefits to both farmers and insurance companies.
dc.language.isoen_US
dc.subjectApplied Economics
dc.subjectMixed Logit
dc.subjectchoice experiment
dc.subjectheterogeneous choice
dc.subjectinsurance demand
dc.subjectEconomics
dc.subjectAgriculture economics
dc.titleHETEROGENEOUS CHOICE IN THE DEMAND FOR CROP INSURANCE IN CHINA: RESULTS FROM IN-THE-FIELD CHOICE EXPERIMENT
dc.typedissertation or thesis
thesis.degree.disciplineApplied Economics and Management
thesis.degree.grantorCornell University
thesis.degree.levelMaster of Science
thesis.degree.nameM.S., Applied Economics and Management
dc.contributor.chairTurvey, Calum G.
dc.contributor.committeeMemberIfft, Jennifer Ellen
dcterms.licensehttps://hdl.handle.net/1813/59810
dc.identifier.doihttps://doi.org/10.7298/fkw7-9k79


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