How Basis Risk and Spatiotemporal Adverse Selection Influence Demand for Index Insurance: Evidence from Northern Kenya
| cg.contact | n.jensen@cgiar.org | en_US |
| cg.contributor.center | International Livestock Research Institute - ILRI | en_US |
| cg.contributor.center | Cornell University - CORNELL | en_US |
| cg.contributor.crp | CGIAR Research Program on Dryland Systems - DS | en_US |
| cg.contributor.funder | United States Agency for International Development - USAID | en_US |
| cg.contributor.funder | European Union, European Commission - EU-EC | en_US |
| cg.contributor.funder | Australian Department of Foreign Affairs and Trade - DFAT(AusAID, ADRAS) | en_US |
| cg.contributor.funder | Foreign, Commonwealth & Development Office United Kingdom (Department for International Development United Kingdom) - FCDO (DFID) | en_US |
| cg.contributor.project | Index-Based Livestock Insurance | en_US |
| cg.contributor.project-lead-institute | International Livestock Research Institute - ILRI | en_US |
| cg.coverage.country | KE | en_US |
| cg.coverage.region | Eastern Africa | en_US |
| cg.creator.id | Jensen, Nathaniel: 0000-0002-2946-5771 | en_US |
| cg.creator.id | Mude, Andrew: 0000-0003-4903-6613 | en_US |
| cg.subject.agrovoc | agriculture | en_US |
| cg.subject.agrovoc | livestock | en_US |
| cg.subject.agrovoc | value chains | en_US |
| dc.contributor | Mude, Andrew | en_US |
| dc.contributor | Barrett, Christopher | en_US |
| dc.creator | Jensen, Nathaniel | en_US |
| dc.date.accessioned | 2017-01-05T19:43:18Z | |
| dc.date.available | 2017-01-05T19:43:18Z | |
| dc.description.abstract | Basis risk – the remaining risk that an insured individual faces – is widely acknowledged as the Achilles Heel of index insurance, but to date there has been no direct study of its role in determining demand for index insurance. Further, spatiotemporal variation leaves open the possibility of adverse selection. We use rich longitudinal household data from northern Kenya to determine which factors affect demand for index based livestock insurance (IBLI). We find that both price and the non-price factors studied previously are indeed important, but that basis risk and spatiotemporal adverse selection play a major role in demand for IBLI | en_US |
| dc.format | en_US | |
| dc.identifier | https://mel.cgiar.org/reporting/downloadmelspace/hash/t8z6CbQm/v/0746fcff1e1e64e9bb70a7fea64105a5 | en_US |
| dc.identifier.citation | Nathaniel Jensen, Andrew Mude, Christopher Barrett. (31/12/2014). How Basis Risk and Spatiotemporal Adverse Selection Influence Demand for Index Insurance: Evidence from Northern Kenya. Nairobi, Kenya: International Livestock Research Institute (ILRI). | en_US |
| dc.identifier.status | Open access | en_US |
| dc.identifier.uri | https://hdl.handle.net/20.500.11766/5313 | |
| dc.language | en | en_US |
| dc.publisher | International Livestock Research Institute (ILRI) | en_US |
| dc.rights | CC-BY-NC-4.0 | en_US |
| dc.subject | index-insurance | en_US |
| dc.title | How Basis Risk and Spatiotemporal Adverse Selection Influence Demand for Index Insurance: Evidence from Northern Kenya | en_US |
| dc.type | Internal Report | en_US |
| dcterms.available | 2014-12-31 | en_US |
| dcterms.issued | 2014-12-31 | en_US |
| mel.project.open | http://ibli.ilri.org | en_US |