|เวลา : |
13.30 - 16.00 น. (เป็นงานวันที่ 19 มค 2555)
Abstract : |
Agricultural insurance for managing covariate natural disaster risks is typically unavailable in the rural regions of developing countries, where poor people live and have their livelihoods and welfare affected regressively by these shocks. The high transactions costs of verifying losses, problems of moral hazard and adverse selection that arise from imperfect information concerning individuals loss and the covariate nature of risks conspire to effectively preempt the emergence of conventional insurance for these regions. Index insurance which makes indemnity payments based on an index that is objectively verifiable, available at low cost in near-real time, not manipulable by either party to the contract, and strongly correlated with the risk being insured shows considerable promise in overcoming these market failures and hence has great potentialas a means to manage natural disasters in agriculture and perhaps to crowd in rural financial market and informal insurance mechanisms in the low-income agrarian communities. This seminar will discuss thechallenges in developing and implementing sustainable index insurance program and illustrate how these challenges can be resolved using my works in a collaborative research program that design, implement and conduct impact evaluation on satellite-based livestock insurance in Kenya usinga combination of household survey and experiments data. Interesting research questions surrounding the prospects of index insurance in Thailand will also be discussed.
โดย : |
Ms. Sommarat Chantarat Crawford School of Economics and Government, Australian National University
สถานที่ : |
ณ ห้องประชุมใหญ่ ชั้น 5 คณะเศรษฐศาสตร์ มหาวิทยาลัยธรรมศาสตร์ ท่าพระจันทร์