气候变化领域集成服务门户(CCPortal): Do farmers care about basis risk? Evidence from a field experiment in India

CCPortal

DOI	10.1016/j.crm.2019.100201
	Do farmers care about basis risk? Evidence from a field experiment in India
	Gaurav S.; Chaudhary V.
发表日期	2020
ISSN	2212-0963
起始页码	2199
结束页码	2221
卷号	27
英文摘要	Despite the potential of weather index insurance as an innovative climate risk adaptation instrument for farmers in the developing world, there is a major barrier to its widespread uptake, namely “basis risk”. In this paper, we focus on the spatial dimension of basis risk by analysing rainfall patterns over three years at six villages of Vidarbha region in Maharashtra, India where low-cost automated weather stations were installed. In order to test whether basis risk has salience in farmers’ decision making about weather insurance, we present evidence from a field experiment involving 361 farmers in the region where the weather stations were installed. We find that informing farmers about basis risk significantly reduces farmers’ willingness to buy a hypothetical rainfall insurance product. Combining information on basis risk and premium subsidy lowers the negative effect whilst effects of subsidy information are not robust. Our findings suggest the need to address basis risk in weather insurance design as well as climate risk management communication to farmers. © 2019 The Author(s)
英文关键词	Basis risk; Field experiment; India; Risk communication; Weather insurance
来源期刊	Climate Risk Management
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/183202
作者单位	SJMSOM, IIT Bombay, Room 211, Powai, Mumbai, 400076, India; MSc. candidate, Department of Mathematics, IIT Bombay, Mumbai, 400076, India
推荐引用方式 GB/T 7714	Gaurav S.,Chaudhary V.. Do farmers care about basis risk? Evidence from a field experiment in India[J],2020,27.
APA	Gaurav S.,&Chaudhary V..(2020).Do farmers care about basis risk? Evidence from a field experiment in India.Climate Risk Management,27.
MLA	Gaurav S.,et al."Do farmers care about basis risk? Evidence from a field experiment in India".Climate Risk Management 27(2020).