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• W2492914096 abstract "Risk aversion is a key determinate in risk management in the agricultural insurance market. Based on the unique datasets of risk preference experiment and maize producer survey in maize production areas in China, this paper explores the determinants of farmers’ CIP participation and scrutinizes the role of risk aversion in farmers’ CIP decision. Results show that risk aversion plays an important role in CIP decision, not only in the form of its’ direct effect, but also in the form of interaction term together with loss expected. We also find the purchase experience, CIP environment (village purchase ratio) and contract items (insured amount) are significant determinates in the CIP purchase decision. No significant evidence is found that serious adverse selection exists in the sampling areas." @default.
• W2492914096 created "2016-08-23" @default.
• W2492914096 creator A5032675779 @default.
• W2492914096 creator A5059369972 @default.
• W2492914096 date "2015-01-01" @default.
• W2492914096 modified "2023-09-27" @default.
• W2492914096 title "Crop Insurance Program Purchase Decision and Role of Risk Aversion: Evidence from Maize Production Areas in China" @default.
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• W2492914096 doi "https://doi.org/10.22004/ag.econ.212199" @default.
• W2492914096 hasPublicationYear "2015" @default.
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