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Although there is an increasing interest in index-based insurances in many developing countries, crop data scarcity hinders its implementation by forcing insurers to charge higher premiums. Expert knowledge has been considered a valuable information source to augment limited data in insurance...
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In this paper we adapt a dynamic discrete choice model to examine the aggregated demand for single- and multi-year crop … simultaneous demand for both insurance contracts. Moreover, the introduction of multi-year contracts enhances the market …
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