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historical daily rainfall data from the national network of weather stations, complemented with a unique, high-resolution dataset … from a dense network of 34 automatic weather stations around the study area. The degree of downside spatial basis risk is …
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weather insurance products as environmental risk protection mechanisms, rather than as investments or risky bets. In the eyes …
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Weather index insurance may help smallholder farmers in the developing world cope with environmental risks and shock … support the theoretical notion that smallholders consider weather insurance products as risk protection mechanisms, rather …
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Rainfall is an important source of covariate shock in developing countries. Insurance against a rainfall index has, therefore, held much promise as a formal insurance product to protect the livelihoods of poor farmers. But how good is rainfall as a measure of covariate shocks? The imperfect...
Persistent link: https://www.econbiz.de/10015053889
This paper provides novel evidence on how risk exposure shapes the demand for index-based weather insurance. The focus … weather events that cause high livestock mortality. Using a two-way fixed effect model and country-wide district-level data … weather conditions occurring in the months preceding the end of the insurance sales period. The effect is neither driven by …
Persistent link: https://www.econbiz.de/10014285502
Farming is an activity which is heavily exposed to risk. Farmers have to deal daily with the change of weather, crops … examine the level of awareness of Polish entrepreneurs in the agricultural industry of the impact of weather conditions on the … being insured. The low awareness of the impact of weather on agricultural business and the possibility to protect the farm …
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Systemic weather risk is a major obstacle for the formation of private (non- subsidized) crop insurance. This paper … explores the possibility of spatial diversification of insurance by estimating the joint occurrence of unfavorable weather … dependencies between multivariate random variables. The estimation procedure is applied to weather data in Germany. Our results …
Persistent link: https://www.econbiz.de/10003796148