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Does Past Experience in Natural Disasters Affect Willingness-to-Pay for Weather Index Insurance? Evidence from China

Xianglin Liu, Yingmei Tang and Mario Miranda ()

No 205374, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: Although numerous index insurance pilot programs have been conducted in China, little is known about Chinese farmers’ willingness to pay for index insurance. By using a field survey of small farm households in China’s Heilongjiang Province, which suffered a large flood in the summer of 2013, this paper explores farmers’ willingness to pay (WTP) for a hypothetical rainfall index insurance product, with a special interest in whether farmers affected by the flood are willing to pay more than those where not.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 18
Date: 2015
New Economics Papers: this item is included in nep-dcm, nep-ias and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:205374

DOI: 10.22004/ag.econ.205374

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