| 초록 |
This paper examines moral hazard problem associated with input use decisions in the presence of crop yield insurance. The empirical analyses show that the provision of Crop yield insurance causes considerable moral hazard apple growers who have taken out crop yield insurance make considerably less efforts to reduce covered damage. Some suggestive devices and measures for the control of moral hazard in crop yield insurance are presented. The results of this paper could be an important information for the stable establishment and efficient operation of crop yield insurance in Korea.
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