We present a novel way to understand the low uptake of index insurance using the interlinked concepts of ambiguity and compound-lottery aversion. Noting that the presence of basis risk makes index insurance a compound lottery, we derive an expression of the willingness to pay (WTP) to eliminate...

This study investigates the factors that impact the duration of trade relationships in U.S. fresh fruit and vegetable imports. We employ both the survival analysis (KM estimates and Cox PH model) as well as a count data model. The preliminary results indicate that SPS treatment requirements...