This paper illustrates the sharp contrast in welfare impacts between the rich and the poor caused by typhoon Milenyo in a Philippine village. Fish price dropped sharply after a large volume of cultured fish was set loose due to the damage caused to fish pens near the village, leading to positive...

As an empirical research on weather index insurance in developing countries, we conducted surveys on rainfall and temperature index insurance products in Madhya Pradesh, India. The rainfall insurance covers drought and excess rain during the monsoon season, while the temperature insurance covers...