Knowledge Center Catalog

Demand for a simple weather insurance product in India : (Record no. 62037)

MARC details
000 -LEADER
fixed length control field nab a22 7a 4500
001 - CONTROL NUMBER
control field 62037
003 - CONTROL NUMBER IDENTIFIER
control field MX-TxCIM
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20200615181235.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 200602s2016 xxk|||p|op||| 00| 0 eng d
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0002-9092
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 1467-8276 (Online)
024 8# - OTHER STANDARD IDENTIFIER
Standard number or code https://doi.org/10.1093/ajae/aaw031
040 ## - CATALOGING SOURCE
Original cataloging agency MX-TxCIM
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
100 1# - MAIN ENTRY--PERSONAL NAME
9 (RLIN) 13824
Personal name Vargas Hill, R.
245 10 - TITLE STATEMENT
Title Demand for a simple weather insurance product in India :
Remainder of title theory and evidence
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc. United Kingdom :
Name of publisher, distributor, etc. Oxford University Press,
Date of publication, distribution, etc. 2016.
500 ## - GENERAL NOTE
General note Peer review
520 ## - SUMMARY, ETC.
Summary, etc. This article analyzes the demand for a simple rainfall‐based weather insurance product among farmers in rural India. We explore the predictions of a standard expected utility theory framework on the nature of demand in terms of price, the basis of the hedge, and risk aversion using data from a randomized control trial. We find that demand behaves as predicted: it falls with price and basis risk and is hump‐shaped in risk aversion, with price sensitivity decreasing at higher levels of basis risk. We estimate a negative price elasticity of 0.58 and find that doubling the distance to a reference weather station decreases demand by 18%. These results indicate that improving pricing and quality of insurance products can directly increase demand. In addition, we examine the impact of insurance training relative to other mechanisms designed to increase understanding. The evidence suggests that increased incentives to learn or learning by using are more effective at increasing both understanding and demand. Finally, we contribute to the scarce evidence on the demand for insurance over time. In terms of our main interventions, we find that the effect of premium subsidies persists over time, while the impact of investments in new weather stations diminishes and the effect of increased training in the first season seems to disappear during the second season. Importantly, while having previously purchased insurance does not encourage future uptake, receiving a payout does. This could reflect issues of trust in the product or the insurance company, and constitutes an important topic for future research.
546 ## - LANGUAGE NOTE
Language note Text in English
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Source of heading or term AGROVOC
9 (RLIN) 9707
Topical term or geographic name as entry element Risk
650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM
Source of heading or term AGROVOC
9 (RLIN) 9291
Topical term or geographic name as entry element Insurance
651 #7 - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Source of heading or term AGROVOC
9 (RLIN) 3726
Geographic name India
700 1# - ADDED ENTRY--PERSONAL NAME
9 (RLIN) 13825
Personal name Robles, M.
700 1# - ADDED ENTRY--PERSONAL NAME
9 (RLIN) 13826
Personal name Ceballos, F.
773 0# - HOST ITEM ENTRY
Place, publisher, and date of publication United Kingdom : Oxford University Press, 2016.
Related parts v. 98, no. 4, p. 1250-1270
Title American Journal of Agricultural Economics
International Standard Serial Number 1467-8276
Record control number 444480
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Article
Suppress in OPAC No
Holdings
Date last seen Total Checkouts Price effective from Koha item type Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Withdrawn status Home library Current library Date acquired
06/05/2020   06/05/2020 Article Not Lost Dewey Decimal Classification     Reprints Collection   CIMMYT Knowledge Center: John Woolston Library CIMMYT Knowledge Center: John Woolston Library 06/05/2020

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