Crop Insurance, Premium Subsidy and Agricultural Output

This paper studied the effects of crop insurance on agricultural output with an economic growth model. Based on Ramsey-Cass-Koopmans (RCK) model, a basic model of agriculture economic growth was developed. Extending the basic model to incorporate uncertainty and insurance mechanism, a risk model and...

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Bibliographic Details
Main Authors: Jing-feng XU, Pu LIAO
Format: Article
Language:English
Published: Elsevier 2014-11-01
Series:Journal of Integrative Agriculture
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2095311913606747