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WELFARE IMPACTS OF INDEX INSURANCE IN THE PRESENCE OF A POVERTY TRAP
This paper evaluates the effectiveness of an index-based livestock insurance (IBLI)
product designed to compensate for area average predicted livestock mortality loss in
northern Kenya, where previous work has established ...
Basis Risk and the Welfare Gains from Index Insurance: Evidence from Northern Kenya
Index insurance products circumvent many of the transaction costs and asymmetric information problems that obstruct provision of low value conventional insurance policies in developing countries. Recent years have seen ...