Climate change skepticism and index versus standard crop insurance demand in coastal Bangladesh.

ABSTRACT: This paper investigates if climate change skepticism, farmers' fatalistic beliefs, and insurance plan design influence interest in crop weather insurance. While studies of the influence of fatalism on disaster preparedness are common, the ways in which fatalism influences climate change skepticism, and in turn affects farmers' interest in crop insurance, have not been previously investigated. An additional objective was to understand farmers' preferences for index versus standard insurance options, the former entailing damage compensation based on post-hazard assessment, the latter tying damage compensation to a set of weather parameter thresholds. A discrete choice experiment was conducted with maize farmers on a climate-risk prone island in coastal Bangladesh. Most farmers were insurance

SUBMITTER: Akter S 

PROVIDER: S-EPMC6988121 | biostudies-literature | 2017

REPOSITORIES: biostudies-literature