scholarly journals Competitive Procurement with Ex Post Moral Hazard

2021 ◽  
Author(s):  
Indranil Chakraborty ◽  
Fahad Khalil ◽  
Jacques Lawarree
2021 ◽  
Vol 2 ◽  
pp. 100031
Author(s):  
Seyed Alireza Otobideh ◽  
Hasan Yusefzadeh ◽  
Siamak Aghlmand ◽  
Cyrus Alinia

Author(s):  
Indranil Chakraborty ◽  
Fahad Khalil ◽  
Jacques Lawarree

2019 ◽  
Vol 51 (02) ◽  
pp. 315-327 ◽  
Author(s):  
Christopher N. Boyer ◽  
S. Aaron Smith

AbstractPrevented planting provision in crop insurance protects producers from failure to plant attributable to natural causes. We determined the impact of this provision at various crop insurance coverage levels on prevented planting claims and ex post moral hazard. The moral hazard incentive in the prevented planting provision is stronger for corn than soybeans. Reducing the prevented planting coverage factor for corn could likely reduce moral hazard, but the degree of the reduction will likely depend on the revenue protection coverage level. Conversely, we found moral hazard is unlikely to occur for soybean production regardless of the revenue protection coverage level.


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