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Evidence of Demand for Index Insurance: Experimental Games and Commercial Transactions in Ethiopia
Abstract We present results of experimental games with smallholder farmers in Tigray, Ethiopia, in 2010, in which participants in the games allocated money across risk management options. One of theExpand
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Investigating Demand for Weather Index Insurance: Experimental Evidence from Ethiopia
There is much interest in weather index insurance as a poverty‐mitigating tool, but concerns persist about potential demand for the product among the poorest of the poor. This paper relates theExpand
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Quantifying spatial basis risk for weather index insurance
Purpose - The purpose of this paper to develop an empirical methodology for managing spatial basis risk in weather index insurance by studying the fundamental causes for differences in weather riskExpand
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Weather Index Insurance and the Pricing of Spatial Basis Risk
Applied Economics and Management Cornell University Selected Paper prepared for presentation at the Agricultural & Applied Economics Association’s 2010 AAEA, CAES & WAEA Joint Annual Meeting, Denver,Expand
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Applying weather index insurance to agricultural pest and disease risks
ABSTRACT In this paper, we explore the application of weather index insurance to plant pest and disease management strategies using two distinct models: (1) insuring crop loss due to diseaseExpand
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Can Education Unlock Scale? The Demand Impact of Educational Games on a Large-Scale Unsubsidised Index Insurance Programme in Ethiopia
Abstract There is increasing concern that voluntary index insurance may fail to produce sustainable impacts at scale. Despite this concern, most research is focused on experimental or highlyExpand
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Geostatistics, Basis Risk, and Index Insurance
This paper describes the application of geostatistics to weather index insurance in order to systematically analyze spatial basis risk inherent in index insurance contracts. The notion of spatialExpand
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An Internet-Based Tool for Weather Risk Management
This paper introduces a web-based computer program designed to evaluate weather risk management and weather insurance in the United States. The paper outlines the economics of weather risk in termsExpand
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Measuring the Impact of Educational Insurance Games on Index Insurance Take-up
We evaluate the effects of a randomly administered educational game on index insurance conducted with 400 households in Ethiopia in the 2010 growing season. Our game teaches farmers about theExpand
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Geostatistics , Basis Risk , and Weather Index Insurance
This paper describes the application of geostatistics to weather index insurance in order to systematically analyze spatial basis risk inherent in index insurance contracts. The notion of spatialExpand
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