the presence of insurance and saving instruments. Third, we consider savings and liquid asset holdings as a form of self-insurance … with insurance claims serving to alleviate the depletion of livestock holdings in the event of insurable idiosyncratic …

insurance but admit that some formal or informal mechanisms help households to insure substantially their consumption since … income shocks do not fully transfer in consumption. Risk sharing and consumption insurance achieved by rural households from … full insurance is rejected, there is some scope for Pareto improving risk sharing mechanisms. Actually, markets are found …

Assessing the scope for insurance in rural communities usually requires a structural model of household behavior under … Indian farmers in the ICRISAT villages would not benefit from the introduction of formal weather insurance. In this paper we … that this can affect the conclusion that insurance would not be welfare improving. …

insurance in rural communities usually requires a structural model of household behavior under risk. One of the few empirical … would not benefit from the introduction of formal weather insurance. In this paper we investigate how models such as theirs … conclusion that insurance would not be welfare improving. …