HIGHLIGHTS
- who: Erwin Bulte from the Development Economics Group, Wageningen University, EW Wageningen, Netherlands have published the Article: The Welfare Effects of Index-Based Livestock Insurance: Livestock Herding on Communal Lands, in the Journal: (JOURNAL)
- what: The authors develop a simple theoretical model to demonstrate that the welfare effects of insurance are fundamentally ambiguous-even in the absence of transaction costs or basis risk. The aim of this paper is to critically evaluate the expectation that the promotion of insurance will raise welfare in rural communities. While this conventional wisdom is intuitive, as expansion of the . . .
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