purchase the insurance, even though they overwhelmingly cite rainfall variability as their most significant source of risk. We … insurance product designed to compensate low-income Indian farmers in the event of insufficient rainfall during the primary … monsoon season. We first document relatively low adoption of this new risk management product: Only 5-10 percent of households …

. Insurance take-up is found to be decreasing in basis risk between insurance payouts and income fluctuations, higher among …-up decisions, and risk averse households are found to be less, not more, likely to purchase insurance. We present evidence …This paper describes the contract design and institutional features of an innovative rainfall insurance policy offered …

demand estimation. Our semiparametic approach models expenditures simultaneously with the choice of insurance plan and the … of insurance exogeneity, but are insensitive to the assumptions governing the decision to incur any expenditures. The … general emphasis in the health economics literature on sample selection instead of insurance endogeneity therefore seems …

participation in a mutual loss pool and an explicit, priced government insurance mechanism. We also discuss how these principles and …

This paper examines how risk in trading activity can affect the volatility of asset prices. We look for this … swap spread tends to converge to a long-run level, although trading risk can sometimes cause the spread to diverge from … that level. -- convergence trading ; interest rate swaps ; swap spread ; repurchase contracts ; trading risk ; volatility …