保险业的一般均衡模型:美国农作物保险

IF 2.2 Q2 ECONOMICS Journal of Global Economic Analysis Pub Date : 2019-12-25 DOI:10.21642/jgea.040203sm1f
A. Gohin
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引用次数: 1

摘要

近年来,美国的农业政策逐渐发生了变化,更多地依赖补贴作物保险计划来代替固定的直接支付。尽管长期使用此类保险,但缺乏对保险计划的定量宏观经济评估。我们开发了一个原始的随机可计算的一般均衡框架,其中我们隔离了补贴保险计划提供的覆盖效应。我们发现,一旦我们认识到他们的风险分担特性,他们的福利效应就会发生巨大变化。我们对美国谷物市场的模拟市场效应与目前可用的微观计量证据一致。
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General Equilibrium Modelling of the Insurance Industry: U.S. Crop Insurance
The U.S. farm policy has progressively changed in recent years, with greater reliance on subsidized crop insurance programs in the place of fixed direct payments. Despite the use of such insurance over a long period of time, quantitative macroeconomic assessments of insurance programs are lacking. We develop an original stochastic computable general equilibrium framework where we isolate the coverage effects provided by subsidized insurance programs. We find that their welfare effects are dramatically modified once we recognize their risk sharing properties. Our simulated market effects on the U.S. cereal markets are consistent with currently available microeconometric evidence.
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CiteScore
5.60
自引率
12.00%
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0
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