stochastic framework. More precisely, I analyse weather index insurance that guarantees farmers an indemnity payment contingent … location is near a weather station, and distant farmers. Results show that the latter ask for less than 50% insurance coverage … trust and a lack of knowledge about the insurance. I can show that a lack of trust reduces insurance demand most for close …

-agricultural sector is considered as a risk-mitigating strategy by rural Pakistani households. This issue has already been addressed but … whether ex ante engagement in the non-agricultural sector is partly motivated by a desire to mitigate risk. The main feature … of the paper is the use of an ex ante food vulnerability estimate. Vulnerability is defined as the probability of falling …

income shocks do not fully transfer in consumption. Risk sharing and consumption insurance achieved by rural households from … three provinces of Pakistan are studied allowing for heterogeneity of preferences and in particular in risk aversion. As … full insurance is rejected, there is some scope for Pareto improving risk sharing mechanisms. Actually, markets are found …

preferences. Full insurance cannot be rejected. As the risk-sharing as-if-complete-markets theory might predict, estimated risk …We show how to use panel data on household consumption to directly estimate households’ risk preferences. Specifically …, we measure heterogeneity in risk aversion among households in Thai villages using a full risk-sharing model, which we …

There are alternative definitions of vulnerability to poverty. Most researchers prefer to define vulnerability as the … panel data from rural China, this paper attempt to assess the extent to which we can measure vulnerability to poverty. The … assessment is based on comparisons between predicted vulnerability and actually observed poverty. We find that the precision of …

agricultural insurance program on household level production, borrowing, and saving. The empirical strategy includes both … difference-in-difference and triple difference estimations. I find that, first, introducing insurance increases the production … area of insured crops by around 20% and decreases production diversification; second, provision of insurance raises the …

a new insurance product in rural China. Specifically, we conduct a set of insurance games with a random subset of … farmers. Our findings show that playing insurance games improves insurance take-up in real life by 48%. Exploring the … mechanism behind this effect, we show that the effect is not driven by changes in risk attitudes, changes in perceived …

Most sub-Sahara African agriculture is rainfed and the key production risk is crop failure due to drought or … insufficient rains. Major strategies for households to protect against the risk of crop failure are livestock rearing and storage …

to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face … basis risk associated with the index insurance, and with imperfect trust that promised payouts will be delivered. …. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We …