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Weather Index Insurance and Common Property Resources

  • Haimanti Bhattacharya (a1) and Daniel E. Osgood (a2)

With weather index insurance expanding and common property resources diminishing in low-income agricultural areas, it is essential to understand the potential effects of such insurance on resources that serve as vital input bases for low-income households. Using simple analytical constructs, we illustrate how index insurance may increase or decrease use of common property resources depending on common implementation characteristics such as binding constraints and multiple sources of income in a multi-temporal decision context. This analysis of how index insurance might assist low-income families without degrading the commons can be informative for insurance administrators and policymakers.

Corresponding author
Correspondence: Haimanti BhattacharyaDepartment of EconomicsUniversity of Utah260 South Central Campus Drive, OSH 343Salt Lake City, UT 84112Phone 801.587.8350Email
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D. Clarke , O. Mahul , K.N. Rao , and N. Verma 2012. “Weather-based Crop Insurance in India.” World Bank Policy Research Working Paper 5985, The World Bank, Washington, DC.

X. Giné , R. Townsend , and J. Vickery 2007. “Statistical Analysis of Rainfall Insurance Payouts in Southern India.” World Bank Policy Research Working Paper 4426, The World Bank, Washington, DC.

V. Kalavakonda , and O. Mahul 2005. “Crop Insurance in Karnataka.” World Bank Policy Research Working Paper 3654, The World Bank, Washington, DC.

E. Ostrom 1990. Governing the Commons: The Evolution of Institutions for Collective Action. Cambridge, UK: Cambridge University Press.

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Agricultural and Resource Economics Review
  • ISSN: 1068-2805
  • EISSN: 2372-2614
  • URL: /core/journals/agricultural-and-resource-economics-review
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