Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia
While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing on the role of accurate product comprehension and price. We find that randomly distributed learning kits improve subjects’ knowledge of the products; however, we do not find strong evidence that the improved knowledge per se causes greater insurance uptake. We also find that reduced price due to randomly distributed discount coupons has an immediate, positive impact on uptake, without dampening subsequent period demand due to reference-dependence associated with price anchoring effects.
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Journal Article biblioteca |
| Language: | English |
| Published: |
Elsevier
2016-02
|
| Subjects: | livestock, drought, |
| Online Access: | https://hdl.handle.net/10568/68830 https://doi.org/10.1016/j.worlddev.2015.10.039 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| id |
dig-cgspace-10568-68830 |
|---|---|
| record_format |
koha |
| spelling |
dig-cgspace-10568-688302023-12-08T19:36:04Z Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. livestock drought While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing on the role of accurate product comprehension and price. We find that randomly distributed learning kits improve subjects’ knowledge of the products; however, we do not find strong evidence that the improved knowledge per se causes greater insurance uptake. We also find that reduced price due to randomly distributed discount coupons has an immediate, positive impact on uptake, without dampening subsequent period demand due to reference-dependence associated with price anchoring effects. 2016-02 2015-11-02T17:18:05Z 2015-11-02T17:18:05Z Journal Article Takahashi, K., Ikegami, M., Sheahan, M. and Barrett, C.B. 2016. Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia. World Development 78:324-340. 0305-750X https://hdl.handle.net/10568/68830 https://doi.org/10.1016/j.worlddev.2015.10.039 en Copyrighted; all rights reserved Limited Access p. 324-340 Elsevier World Development |
| institution |
CGIAR |
| collection |
DSpace |
| country |
Francia |
| countrycode |
FR |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-cgspace |
| tag |
biblioteca |
| region |
Europa del Oeste |
| libraryname |
Biblioteca del CGIAR |
| language |
English |
| topic |
livestock drought livestock drought |
| spellingShingle |
livestock drought livestock drought Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| description |
While index-based microinsurance has attracted considerable attention, uptake rates have been weak in many low-income countries. We explore the purchase patterns of index-based livestock insurance in southern Ethiopia, focusing on the role of accurate product comprehension and price. We find that randomly distributed learning kits improve subjects’ knowledge of the products; however, we do not find strong evidence that the improved knowledge per se causes greater insurance uptake. We also find that reduced price due to randomly distributed discount coupons has an immediate, positive impact on uptake, without dampening subsequent period demand due to reference-dependence associated with price anchoring effects. |
| format |
Journal Article |
| topic_facet |
livestock drought |
| author |
Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. |
| author_facet |
Takahashi, Kazushi Ikegami, Munenobu Sheahen, M. Barrett, Christopher B. |
| author_sort |
Takahashi, Kazushi |
| title |
Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_short |
Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_full |
Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_fullStr |
Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_full_unstemmed |
Experimental evidence on the drivers of index-based livestock insurance demand in southern Ethiopia |
| title_sort |
experimental evidence on the drivers of index-based livestock insurance demand in southern ethiopia |
| publisher |
Elsevier |
| publishDate |
2016-02 |
| url |
https://hdl.handle.net/10568/68830 https://doi.org/10.1016/j.worlddev.2015.10.039 |
| work_keys_str_mv |
AT takahashikazushi experimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia AT ikegamimunenobu experimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia AT sheahenm experimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia AT barrettchristopherb experimentalevidenceonthedriversofindexbasedlivestockinsurancedemandinsouthernethiopia |
| _version_ |
1787231056001236992 |