The Impact of Implementing Insurance on the Producers′ Decision of Cage Aquaculture in Taiwan
Date Issued
2003-07-31
Date
2003-07-31
Author(s)
DOI
912313B002332
Abstract
To prevent further adverse environmental impacts from over expansion
of pond culture, the development of offshore cage aquaculture has drawn
very much attention in Taiwan. Wind, waves, and tide are major factors
influencing the production of cage aquaculture. Typhoons often occurring
in summer and autumn also increase the production uncertainty facing by
aqua-farmers. Without a proper insurance system, cage culture become a
high risky investment which in turn hampered the future development of
cage aquaculture in Taiwan. The major purposes of this research are to
establish theoretical and empirical models to assess the impact of
implementing insurance on aqua-farmers’ production decision and simulate
insurance impact for different insurance scenario. The 1998-2000 statistic data and Monte Carlo method are used to conduct the empirical
analysis. Our research findings show that income insurance has the
greatest impact on the high CARA aqua-farmers’ decision.
Subjects
Cage aquaculture, Producers' optimal decision, Income
insurance
insurance
Production uncertainty
Monte Carlo method
Publisher
臺北市：國立臺灣大學農業經濟學系暨研究所
Type
journal article
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