Analysis of economic incentives for managing risk at the farm level in the context of climate change
Weather indexed crop insurance has the potential of offering risk management to high-risk populations in poor areas, by lowering transaction costs of managing contracts and payouts, thereby offering affordable insurance even to poor farmers. Lower transaction costs relative to multiperil yield-based...
| Autores principales: | , , , |
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| Formato: | Capítulo de libro |
| Lenguaje: | Inglés |
| Publicado: |
Macmillan
2012
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/34912 |
| Sumario: | Weather indexed crop insurance has the potential of offering risk management to high-risk populations in poor areas, by lowering transaction costs of managing contracts and payouts, thereby offering affordable insurance even to poor farmers. Lower transaction costs relative to multiperil yield-based insurance, can be achieved through use of local weather data, rather than on-farm crop cutting experiments, that lowers verification costs, while maintaining, or even lowering basic risk. |
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