Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard

Vista sencilla de ítem
dc.creatorKramer, Berber
dc.creatorCeballos, Francisco
dc.creatorKrupoff, Matthew
dc.creatorToor, Mann S.
dc.creatorMishra, Azad
dc.creatorKarekar, Siddesh
dc.creatorRobles, Miguel
dc.date2017
dc.date2024-06-21T09:23:51Z
dc.date2024-06-21T09:23:51Z
dc.date.accessioned2026-06-27T15:18:33Z
dc.descriptionThis project note hence describes to what extent picture-based crop insurance is viable from an economic point of view, addressing the following questions: (1) Do farmers strategically reduce crop management efforts (that is, does PBI induce moral hazard) and is there evidence of tampering with pictures in order to receive pay-outs when they have PBI coverage? (2) What is farmers’ willingness to pay for PBI compared to willingness to pay for standard weather index-based insurance (WBI)? Is farmers’ demand for PBI strong enough to justify its higher costs? (3) To what extent do farmers se-lectively enroll plots that are more prone to damage? In other words, is PBI prone to adverse selection?
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/148111
dc.identifier.urihttp://hdl.handle.net/123456789/100700
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://doi.org/10.2499/p15738coll2.133534
dc.sourceKramer, Berber; Ceballos, Francisco; Krupoff, Matthew; Toor, Mann S.; Mishra, Azad; Karekar, Siddesh; and Robles, Miguel. 2017. Picture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard. Project Note 2. Washington, DC: International Food Policy Research Institue (IFPRI). https://hdl.handle.net/10568/148111
dc.subjectcrops
dc.subjectlosses
dc.subjectagricultural insurance
dc.subjectsmallholders
dc.subjectassessment
dc.subjectphotography
dc.titlePicture-based insurance: Is it sustainable? Effects on willingness to pay, adverse selection, and moral hazard
dc.typeBrief

Archivos

Colecciones

Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)