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

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  • Liu, Xianglin
  • Tang, Yingmei
  • Miranda, Mario J.

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.

Suggested Citation

  • Liu, Xianglin & Tang, Yingmei & Miranda, Mario J., 2015. "Does Past Experience in Natural Disasters Affect Willingness-to-Pay for Weather Index Insurance? Evidence from China," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205374, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea15:205374
    DOI: 10.22004/ag.econ.205374
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