insurance, a tool for mitigating weather risk that is gaining momentum in developing countries. We model potential effects of … index insurance for pastoralists on animal stocking decisions and the resulting effects on common property resource quality … pastoralists by enhancing expected payoffs and reducing the exit of pastoralists, under certain conditions the insurance can worsen …

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 … index insurance. Using district crop yields and rainfall data for India, we find that tail dependence characterizes the …