rainfall data for rural Thailand and Vietnam. Our econometric analysis shows that temporal variability in risk attitudes is … driven by rainfall shocks. Both severe shortages and excesses appear to increase individuals' risk aversion. Contrary to …Empirical studies advocating the temporal variability of risk attitudes suggest that adverse covariate shocks …

ability to hedge weather related volume or yield risk for the agricultural sector, although there are still many hurdles to …Weather derivatives are designed to hedge the volumetric risk associated with unfavourable weather. They have the … geographical basis risk resulting from the distance between the subject property and the site at which the weather measurement …

Why do many households remain exposed to large exogenous sources of non-systematic income risk? Why don’t financial … and non-price factors in the adoption of an innovative rainfall insurance product, designed to hedge a major source of … agricultural production risk. [BREAD Working paper No.33]. URL:[http://ipl.econ.duke.edu/bread/papers/working/303.pdf]. …

remittances are jointly determined, we exploit rainfall shocks as instrumental variables for income changes. In households with …