POTENTIAL ANALYSIS OF RAINFALL-INDEXED INSURANCE IN ROMANIA

Jiang Hou, Jerry R. Skees and Venkat N. Veeramani

No 20158, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: One of the key factors affecting the crop output is the rainfall volume. For this reason, insurance plans based on the rainfall deviation of the mean have been advanced. This paper provides prospects of rainfall-indexed insurance in Romania considering the tradeoff between moral hazard and basis risks. The reasonability of rainfall-indexed insurance will be judged first. The basic parameters will then be determined and the effectiveness will be measured. Finally, microfinance programs combined with indexed insurance will be advanced to deal with the basis risk problems, which also are the goals for further study

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 19
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20158

DOI: 10.22004/ag.econ.20158

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