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A field experiment on the impact of weather shocks and insurance on risky investment

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  • Ruth Hill

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  • Angelino Viceisza

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  • Ruth Hill & Angelino Viceisza, 2012. "A field experiment on the impact of weather shocks and insurance on risky investment," Experimental Economics, Springer;Economic Science Association, vol. 15(2), pages 341-371, June.
  • Handle: RePEc:kap:expeco:v:15:y:2012:i:2:p:341-371 DOI: 10.1007/s10683-011-9303-7
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Ihli, Hanna Julia & Chiputwa, Brian & Musshoff, Oliver, 2013. "Do Changing Probabilities or Payoffs in Lottery-Choice Experiments Matter? Evidence from Rural Uganda," Discussion Papers 158146, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    2. Liu, Yanyan & Chen, Kevin Z. & Hill, Ruth Vargas & Xiao, Chengwei, 2013. "Borrowing from the insurer: An empirical analysis of demand and impact of insurance in China:," IFPRI discussion papers 1306, International Food Policy Research Institute (IFPRI).
    3. Macours, Karen, 2012. "Volatility, Risk and Household Poverty: Micro-evidence from Randomized Control Trials," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 128293, International Association of Agricultural Economists.
    4. Veronika Bertram-Huemmer & Kati Kraehnert, 2015. "Does Index Insurance Help Households Recover from Disaster? Evidence from IBLI Mongolia," Discussion Papers of DIW Berlin 1515, DIW Berlin, German Institute for Economic Research.
    5. Bauermeister, Golo-Friedrich & Mußhoff, Oliver, 2016. "Risk Attitude And Inconsistencies - Does The Choice Of Display Format And Risk Elicitation Method Influence The Outcomes?," 56th Annual Conference, Bonn, Germany, September 28-30, 2016 244764, German Association of Agricultural Economists (GEWISOLA).
    6. Wagener, Andreas & Zenker, Juliane, 2015. "Stochastic Transfers, Risky Investment and Incomes: Evidence from an Income Guarantee Program in Thailand," Hannover Economic Papers (HEP) dp-562, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    7. repec:oup:rfinst:v:30:y:2017:i:6:p:1935-1970. is not listed on IDEAS
    8. Saenger, Christoph & Torero, Maximo & Qaim, Matin, 2016. "Impact of third-party enforcement of contracts in agricultural markets—A field experiment in Vietnam," IFPRI book chapters,in: Innovation for inclusive value-chain development: Successes and challenges, chapter 11, pages 343-374 International Food Policy Research Institute (IFPRI).
    9. Bauermeister, Golo & Musshoff, Oliver, 2016. "Risk Aversion and Inconsistencies - Does the Choice of Risk Elicitation Method and Display Format Influence the Outcomes?," 2016 Annual Meeting, July 31-August 2, 2016, Boston, Massachusetts 235348, Agricultural and Applied Economics Association.
    10. Million Tadesse & Bekele Shiferaw & Olaf Erenstein, 2015. "Weather index insurance for managing drought risk in smallholder agriculture: lessons and policy implications for sub-Saharan Africa," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), pages 1-21.
    11. Shawn Cole & Xavier Giné & James Vickery, 2017. "How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment," Review of Financial Studies, Society for Financial Studies, pages 1935-1970.
    12. Rommel, Jens & Hermann, Daniel & Müller, Malte & Mußhoff, Oliver, 2016. "Comparing The Predictive Power Of Risk Elicitation Instruments: Experimental Evidence From German Farmers," 56th Annual Conference, Bonn, Germany, September 28-30, 2016 244759, German Association of Agricultural Economists (GEWISOLA).
    13. de Nicola, Francesca, 2015. "Handling the weather : insurance, savings, and credit in West Africa," Policy Research Working Paper Series 7187, The World Bank.
    14. Marenya, Paswel Phiri & Smith, Vincent H. & Nkonya, Ephraim M., 2012. "Subsistence farmer preferences for alternative incentive policies to encourage the adoption of conservation agriculture in Malawi: A choice elicitation approach," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124010, Agricultural and Applied Economics Association.
    15. Ihli, Hanna Julia & Musshoff, Oliver, 2013. "Understanding the Investment Behavior of Ugandan Smallholder Farmers: An Experimental Analysis," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150331, Agricultural and Applied Economics Association.
    16. Stephan Dietrich & Marcela Ibanez, 2015. "Impact of Weather Insurance on Small Scale Farmers: A Natural Experiment," Courant Research Centre: Poverty, Equity and Growth - Discussion Papers 165, Courant Research Centre PEG.
    17. Hill, Ruth Vargas & Kumar, Neha & Magnan, Nicholas & Makhija, Simrin & de Nicola, Francesca & Spielman, David J. & Ward, Patrick S., 2017. "Insuring against droughts: Evidence on agricultural intensification and index insurance demand from a randomized evaluation in rural Bangladesh," IFPRI discussion papers 1630, International Food Policy Research Institute (IFPRI).
    18. Ihli, Hanna Julia & Musshoff, Oliver, 2013. "Investment Behavior of Ugandan Smallholder Farmers: An Experimental Analysis," Discussion Papers 154775, Georg-August-Universitaet Goettingen, GlobalFood, Department of Agricultural Economics and Rural Development.
    19. Chiara FALCO & Douch KONG & Valentina ROTONDI & Valeria SPELTA, 2016. "Investment, Insurance and Weather Shocks: Evidence from a Lab Experiment in Cambodia," Departmental Working Papers 2016-10, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    20. Ibanez, Marcela & Dietrich, Stephan, 2015. "Impact of Weather Insurance on Small Scale Farmers: A Natural Experiment," Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112887, Verein für Socialpolitik / German Economic Association.

    More about this item

    Keywords

    Fertilizer purchases; Uncertainty; Insurance; Investment response; Field experiment; Ethiopia; C93; D13; D80; O13;

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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