Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia
While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing on the role of accurate product comprehension and price. We find that ra...
| Autores principales: | , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Elsevier
2016
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/68830 |
| _version_ | 1855535014018547712 |
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| author | Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. |
| author_browse | Barrett, Christopher B. Ikegami, Munenobu Sheahen, M. Takahashi, Kazushi |
| author_facet | Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. |
| author_sort | Takahashi, Kazushi |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing on the role of accurate product comprehension and price. We find that randomly distributed learning kits improve subjects’ knowledge of the products; however, we do not find strong evidence that the improved knowledge per se causes greater insurance uptake. We also find that reduced price due to randomly distributed discount coupons has an immediate, positive impact on uptake, without dampening subsequent period demand due to reference-dependence associated with price anchoring effects. |
| format | Journal Article |
| id | CGSpace68830 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace688302024-05-01T08:18:53Z Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. livestock drought While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing on the role of accurate product comprehension and price. We find that randomly distributed learning kits improve subjects’ knowledge of the products; however, we do not find strong evidence that the improved knowledge per se causes greater insurance uptake. We also find that reduced price due to randomly distributed discount coupons has an immediate, positive impact on uptake, without dampening subsequent period demand due to reference-dependence associated with price anchoring effects. 2016-02 2015-11-02T17:18:05Z 2015-11-02T17:18:05Z Journal Article https://hdl.handle.net/10568/68830 en Limited Access Elsevier Takahashi, K., Ikegami, M., Sheahan, M. and Barrett, C.B. 2016. Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia. World Development 78:324-340. |
| spellingShingle | livestock drought Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title | Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_full | Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_fullStr | Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_full_unstemmed | Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_short | Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_sort | experimental evidence on the drivers of index based livestock insurance demand in southern ethiopia |
| topic | livestock drought |
| url | https://hdl.handle.net/10568/68830 |
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