Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard
This project note hence describes to what extent picture-based crop insurance is viable from an economic point of view, addressing the following questions: (1) Do farmers strategically reduce crop management efforts (that is, does PBI induce moral hazard) and is there evidence of tampering with pict...
| Main Authors: | , , , , , , |
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| Format: | Brief |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
2017
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/148111 |
| _version_ | 1855526756389224448 |
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| author | Kramer, Berber Ceballos, Francisco Krupoff, Matthew Toor, Mann S. Mishra, Azad Karekar, Siddesh Robles, Miguel |
| author_browse | Ceballos, Francisco Karekar, Siddesh Kramer, Berber Krupoff, Matthew Mishra, Azad Robles, Miguel Toor, Mann S. |
| author_facet | Kramer, Berber Ceballos, Francisco Krupoff, Matthew Toor, Mann S. Mishra, Azad Karekar, Siddesh Robles, Miguel |
| author_sort | Kramer, Berber |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This project note hence describes to what extent picture-based crop insurance is viable from an economic point of view, addressing the following questions: (1) Do farmers strategically reduce crop management efforts (that is, does PBI induce moral hazard) and is there evidence of tampering with pictures in order to receive pay-outs when they have PBI coverage? (2) What is farmers’ willingness to pay for PBI compared to willingness to pay for standard weather index-based insurance (WBI)? Is farmers’ demand for PBI strong enough to justify its higher costs? (3) To what extent do farmers se-lectively enroll plots that are more prone to damage? In other words, is PBI prone to adverse selection? |
| format | Brief |
| id | CGSpace148111 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2017 |
| publishDateRange | 2017 |
| publishDateSort | 2017 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1481112025-11-06T06:22:32Z Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard Kramer, Berber Ceballos, Francisco Krupoff, Matthew Toor, Mann S. Mishra, Azad Karekar, Siddesh Robles, Miguel crops losses agricultural insurance smallholders assessment photography This project note hence describes to what extent picture-based crop insurance is viable from an economic point of view, addressing the following questions: (1) Do farmers strategically reduce crop management efforts (that is, does PBI induce moral hazard) and is there evidence of tampering with pictures in order to receive pay-outs when they have PBI coverage? (2) What is farmers’ willingness to pay for PBI compared to willingness to pay for standard weather index-based insurance (WBI)? Is farmers’ demand for PBI strong enough to justify its higher costs? (3) To what extent do farmers se-lectively enroll plots that are more prone to damage? In other words, is PBI prone to adverse selection? 2017 2024-06-21T09:23:51Z 2024-06-21T09:23:51Z Brief https://hdl.handle.net/10568/148111 en https://doi.org/10.2499/p15738coll2.133534 application/pdf International Food Policy Research Institute Kramer, Berber; Ceballos, Francisco; Krupoff, Matthew; Toor, Mann S.; Mishra, Azad; Karekar, Siddesh; and Robles, Miguel. 2017. Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard. Project Note 2. Washington, DC: International Food Policy Research Institue (IFPRI). https://hdl.handle.net/10568/148111 |
| spellingShingle | crops losses agricultural insurance smallholders assessment photography Kramer, Berber Ceballos, Francisco Krupoff, Matthew Toor, Mann S. Mishra, Azad Karekar, Siddesh Robles, Miguel Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard |
| title | Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard |
| title_full | Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard |
| title_fullStr | Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard |
| title_full_unstemmed | Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard |
| title_short | Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard |
| title_sort | picture based insurance is it sustainable effects on willingness to pay adverse selection and moral hazard |
| topic | crops losses agricultural insurance smallholders assessment photography |
| url | https://hdl.handle.net/10568/148111 |
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