Developing Experience‐Based Premium Rate Discounts in Crop Insurance
研究在农作物保险中实施基于过往保险经验的保费折扣系统的可行性，实证分析显示折扣率在5%到9%之间，为保险公司设计激励机制提供参考。
This article addresses the feasibility of implementing an experience‐based premium rate discount system in crop insurance. While adverse selection and moral hazard in crop insurance have been extensively studied in the past, discount systems or bonus‐malus incentives have not, to our knowledge, been investigated. Our empirical analysis indicates that a crop insurance discount system could be implemented based on a measure of favorable past insurance experience. The estimated average discounts based on the rating methods developed in this study ranged from 5% to 9% (depending on the crop being considered).