Weather Index Insurance and Common Property Resources

Haimanti Bhattacharya and Daniel E. Osgood

Agricultural and Resource Economics Review, 2014, vol. Prepublication Previews, 13

Abstract: With weather index insurance expanding and common property resources diminishing in low-income agricultural areas, it is essential to understand the potential effects of such insurance on resources that serve as vital input bases for low-income households. Using simple analytical constructs, we illustrate how index insurance may increase or decrease use of common property resources depending on common implementation characteristics such as binding constraints and multiple sources of income in a multi-temporal decision context. This analysis of how index insurance might assist low-income families without degrading the commons can be informative for insurance administrators and policymakers.

Keywords: Community/Rural/Urban Development; Environmental Economics and Policy; Food Security and Poverty; International Development; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:189782

DOI: 10.22004/ag.econ.189782

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