The payout and price of a rainfall-based index insurance contract are both functions of rainfall, which is a random process. In order to design and price these contracts, therefore, the buyers and the sellers of the contracts must both have a satisfactory understanding of the rainfall process, and must be able to communicate their beliefs to each other in order to negotiate the design and price...

The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can limit investment in activities with high expected profits. We conducted several experiments in northern Ghana in which farmers were randomly assigned to receive cash grants, grants of or opportunities to purchase r...

The investment decisions of small‐scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in which farmers were randomly assigned to receive cash grants, grants of or opportunities to purchase ...

Purpose – While the demand for weather-based agricultural insurance in developed regions is limited, there exists significant potential for the use of weather indexes in developing areas. The purpose of this paper is to address the issue of historical data availability in designing actuarially sound weather-based instruments. Design/methodology/approach – A Bayesian rainfall model utilizing spa...

according to statistics released by agricultural insurance fund (aif) less than 4 million acres out of 90 million acres has been covered by pastures insurance. this observation along with several facts motivated authors to study possible barriers which pastures insurance has been encountered in practice. the research population included all the experts in agricultural insurance fund. small popu...

  According to statistics released by agricultural insurance fund (AIF) less than 4 million acres out of 90 million acres has been covered by Pastures Insurance. This observation along with several facts motivated authors to study possible barriers which Pastures Insurance has been encountered in practice. The research population included all the experts in agricultural insurance fund. Small po...

This paper talks about the measurement of efficiency and productivity of non-life insurance firms in India. This study is focused on twelve private non-life insurance firms and four public sector non-life insurance firms of India in the period 2008-09 to 2012-13. Data Envelopment Analysis (DEA) coupled with Malmquist productivity Index is used in measuring the efficiency as well as productivity...

insurance companies are important economic institutions in each country and support other economic institutions and good performance of them has an effective role in economic boom. insurance companies to achieve strong and effective performance must be aware of the environment, the competitor and their performance and carry out necessary actions with regard to this information. in this study, t...

This article began as an adversarial collaboration between two groups of researchers with competing views on a longstanding question: Does familiarity promote or undermine interpersonal attraction? As we explored our respective positions, it became clear that the limitations of our conceptualizations of the familiarity-attraction link, as well as the limitations of prior research, were masking ...