How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment
Weather is a key source of income risk for many firms and households, particularly in emerging market economies. This paper uses a randomized controlled trial approach to study how an innovative risk management instrument for hedging rainfall risk affects production decisions among a sample of Indian agricultural firms. The analysis finds that the provision of insurance induces farmers to shift production toward higher-return but higher-risk cash crops, particularly among more-educated farmers. The results support the view that financial innovation may help mitigate the real effects of uninsured production risk. In a second experiment, the study elicits willingness to pay for insurance policies that differ in their contract terms, using the Becker-DeGroot-Marshak mechanism. Willingness-to-pay is increasing in the actuarial value of the insurance, but substantially less than one-for-one, suggesting that farmers' valuations are inconsistent with a fully rational benchmark.
id |
dig-okr-1098615904 |
---|---|
record_format |
koha |
spelling |
dig-okr-10986159042024-08-08T14:23:57Z How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment Cole, Shawn Giné, Xavier Vickery, James ACCESS TO INSURANCE ACCOUNTING ADVERSE SELECTION ALLOCATION AMOUNT OF CREDIT ASSET HOLDINGS AUCTION AUTOMOBILE INSURANCE BANK POLICY BID BIDS BOND BOND MARKET BORROWING BUDGETING CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL STRUCTURE CASH PAYMENT CHECKS CLIMATE CLIMATE CHANGE CLIMATE VARIABILITY COMMODITY PRICE COMPENSATION CONSUMERS CONSUMPTION SMOOTHING CORPORATE FINANCE CORPORATE INVESTMENT COST OF INSURANCE COUPONS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT RISK CROP INSURANCE DATED CHECK DECISIONMAKING DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRIBUTIONAL EFFECTS DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC THEORY EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMERGING MARKET ECONOMY EMPLOYMENT EXCHANGE RATE EXPENDITURES FACE VALUE FARMING HOUSEHOLD FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE SYSTEM FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL DECISIONS FINANCIAL ECONOMICS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FOREIGN CURRENCY FORGIVENESS FUTURES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WEALTH HURRICANE INCOME INCOME DISTRIBUTION INCOME SHOCKS INCOME SMOOTHING INCOME STREAM INCOMPLETE MARKETS INNOVATIONS INSTRUMENT INSURANCE INSURANCE AGENTS INSURANCE ARRANGEMENTS INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE MARKET INSURANCE MARKETS INSURANCE PAYOUT INSURANCE POLICIES INSURANCE POLICY INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SECTOR INSURERS INTEREST RATE INTEREST RATE SWAPS INTERNATIONAL BANK INVESTING INVESTMENT BEHAVIOR INVESTMENT DECISIONS LABOR SUPPLY LAND USE LANDOWNER LIFE INSURANCE LIQUID ASSETS MARKET ECONOMIES MARKET ECONOMY MARKET VALUE MICRO-INSURANCE MICROINSURANCE MISSING MARKETS MONETARY VALUES MONEYLENDERS MORAL HAZARD MORTALITY NET COST OPTIMAL INVESTMENT PARTICULAR DEBT POLITICAL ECONOMY PORTFOLIO PORTFOLIO CHOICE POST OFFICE PRESENT VALUE PRODUCTIVITY PROFITABILITY RATES OF RETURN RESOURCE ECONOMICS RETURN RETURNS RISK AVERSION RISK DIVERSIFICATION RISK EXPOSURE RISK MANAGEMENT RISK MITIGATION SECURITIZATION SETTLEMENT SETTLEMENT DATE SUBSTITUTION TAX TRANSACTION TRANSITORY INCOME UTILITY FUNCTION VALUATION VALUATION TECHNIQUES VALUATIONS WEALTH EFFECTS WEATHER DERIVATIVES WEATHER INSURANCE household finance underinvestment Weather is a key source of income risk for many firms and households, particularly in emerging market economies. This paper uses a randomized controlled trial approach to study how an innovative risk management instrument for hedging rainfall risk affects production decisions among a sample of Indian agricultural firms. The analysis finds that the provision of insurance induces farmers to shift production toward higher-return but higher-risk cash crops, particularly among more-educated farmers. The results support the view that financial innovation may help mitigate the real effects of uninsured production risk. In a second experiment, the study elicits willingness to pay for insurance policies that differ in their contract terms, using the Becker-DeGroot-Marshak mechanism. Willingness-to-pay is increasing in the actuarial value of the insurance, but substantially less than one-for-one, suggesting that farmers' valuations are inconsistent with a fully rational benchmark. 2013-09-27T18:08:37Z 2013-09-27T18:08:37Z 2013-07 http://documents.worldbank.org/curated/en/2013/07/18030727/risk-management-influence-production-decisions-evidence-field-experiment https://hdl.handle.net/10986/15904 English en_US Policy Research Working Paper;No. 6546 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |
institution |
Banco Mundial |
collection |
DSpace |
country |
Estados Unidos |
countrycode |
US |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-okr |
tag |
biblioteca |
region |
America del Norte |
libraryname |
Biblioteca del Banco Mundial |
language |
English en_US |
topic |
ACCESS TO INSURANCE ACCOUNTING ADVERSE SELECTION ALLOCATION AMOUNT OF CREDIT ASSET HOLDINGS AUCTION AUTOMOBILE INSURANCE BANK POLICY BID BIDS BOND BOND MARKET BORROWING BUDGETING CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL STRUCTURE CASH PAYMENT CHECKS CLIMATE CLIMATE CHANGE CLIMATE VARIABILITY COMMODITY PRICE COMPENSATION CONSUMERS CONSUMPTION SMOOTHING CORPORATE FINANCE CORPORATE INVESTMENT COST OF INSURANCE COUPONS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT RISK CROP INSURANCE DATED CHECK DECISIONMAKING DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRIBUTIONAL EFFECTS DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC THEORY EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMERGING MARKET ECONOMY EMPLOYMENT EXCHANGE RATE EXPENDITURES FACE VALUE FARMING HOUSEHOLD FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE SYSTEM FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL DECISIONS FINANCIAL ECONOMICS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FOREIGN CURRENCY FORGIVENESS FUTURES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WEALTH HURRICANE INCOME INCOME DISTRIBUTION INCOME SHOCKS INCOME SMOOTHING INCOME STREAM INCOMPLETE MARKETS INNOVATIONS INSTRUMENT INSURANCE INSURANCE AGENTS INSURANCE ARRANGEMENTS INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE MARKET INSURANCE MARKETS INSURANCE PAYOUT INSURANCE POLICIES INSURANCE POLICY INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SECTOR INSURERS INTEREST RATE INTEREST RATE SWAPS INTERNATIONAL BANK INVESTING INVESTMENT BEHAVIOR INVESTMENT DECISIONS LABOR SUPPLY LAND USE LANDOWNER LIFE INSURANCE LIQUID ASSETS MARKET ECONOMIES MARKET ECONOMY MARKET VALUE MICRO-INSURANCE MICROINSURANCE MISSING MARKETS MONETARY VALUES MONEYLENDERS MORAL HAZARD MORTALITY NET COST OPTIMAL INVESTMENT PARTICULAR DEBT POLITICAL ECONOMY PORTFOLIO PORTFOLIO CHOICE POST OFFICE PRESENT VALUE PRODUCTIVITY PROFITABILITY RATES OF RETURN RESOURCE ECONOMICS RETURN RETURNS RISK AVERSION RISK DIVERSIFICATION RISK EXPOSURE RISK MANAGEMENT RISK MITIGATION SECURITIZATION SETTLEMENT SETTLEMENT DATE SUBSTITUTION TAX TRANSACTION TRANSITORY INCOME UTILITY FUNCTION VALUATION VALUATION TECHNIQUES VALUATIONS WEALTH EFFECTS WEATHER DERIVATIVES WEATHER INSURANCE household finance underinvestment ACCESS TO INSURANCE ACCOUNTING ADVERSE SELECTION ALLOCATION AMOUNT OF CREDIT ASSET HOLDINGS AUCTION AUTOMOBILE INSURANCE BANK POLICY BID BIDS BOND BOND MARKET BORROWING BUDGETING CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL STRUCTURE CASH PAYMENT CHECKS CLIMATE CLIMATE CHANGE CLIMATE VARIABILITY COMMODITY PRICE COMPENSATION CONSUMERS CONSUMPTION SMOOTHING CORPORATE FINANCE CORPORATE INVESTMENT COST OF INSURANCE COUPONS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT RISK CROP INSURANCE DATED CHECK DECISIONMAKING DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRIBUTIONAL EFFECTS DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC THEORY EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMERGING MARKET ECONOMY EMPLOYMENT EXCHANGE RATE EXPENDITURES FACE VALUE FARMING HOUSEHOLD FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE SYSTEM FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL DECISIONS FINANCIAL ECONOMICS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FOREIGN CURRENCY FORGIVENESS FUTURES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WEALTH HURRICANE INCOME INCOME DISTRIBUTION INCOME SHOCKS INCOME SMOOTHING INCOME STREAM INCOMPLETE MARKETS INNOVATIONS INSTRUMENT INSURANCE INSURANCE AGENTS INSURANCE ARRANGEMENTS INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE MARKET INSURANCE MARKETS INSURANCE PAYOUT INSURANCE POLICIES INSURANCE POLICY INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SECTOR INSURERS INTEREST RATE INTEREST RATE SWAPS INTERNATIONAL BANK INVESTING INVESTMENT BEHAVIOR INVESTMENT DECISIONS LABOR SUPPLY LAND USE LANDOWNER LIFE INSURANCE LIQUID ASSETS MARKET ECONOMIES MARKET ECONOMY MARKET VALUE MICRO-INSURANCE MICROINSURANCE MISSING MARKETS MONETARY VALUES MONEYLENDERS MORAL HAZARD MORTALITY NET COST OPTIMAL INVESTMENT PARTICULAR DEBT POLITICAL ECONOMY PORTFOLIO PORTFOLIO CHOICE POST OFFICE PRESENT VALUE PRODUCTIVITY PROFITABILITY RATES OF RETURN RESOURCE ECONOMICS RETURN RETURNS RISK AVERSION RISK DIVERSIFICATION RISK EXPOSURE RISK MANAGEMENT RISK MITIGATION SECURITIZATION SETTLEMENT SETTLEMENT DATE SUBSTITUTION TAX TRANSACTION TRANSITORY INCOME UTILITY FUNCTION VALUATION VALUATION TECHNIQUES VALUATIONS WEALTH EFFECTS WEATHER DERIVATIVES WEATHER INSURANCE household finance underinvestment |
spellingShingle |
ACCESS TO INSURANCE ACCOUNTING ADVERSE SELECTION ALLOCATION AMOUNT OF CREDIT ASSET HOLDINGS AUCTION AUTOMOBILE INSURANCE BANK POLICY BID BIDS BOND BOND MARKET BORROWING BUDGETING CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL STRUCTURE CASH PAYMENT CHECKS CLIMATE CLIMATE CHANGE CLIMATE VARIABILITY COMMODITY PRICE COMPENSATION CONSUMERS CONSUMPTION SMOOTHING CORPORATE FINANCE CORPORATE INVESTMENT COST OF INSURANCE COUPONS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT RISK CROP INSURANCE DATED CHECK DECISIONMAKING DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRIBUTIONAL EFFECTS DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC THEORY EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMERGING MARKET ECONOMY EMPLOYMENT EXCHANGE RATE EXPENDITURES FACE VALUE FARMING HOUSEHOLD FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE SYSTEM FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL DECISIONS FINANCIAL ECONOMICS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FOREIGN CURRENCY FORGIVENESS FUTURES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WEALTH HURRICANE INCOME INCOME DISTRIBUTION INCOME SHOCKS INCOME SMOOTHING INCOME STREAM INCOMPLETE MARKETS INNOVATIONS INSTRUMENT INSURANCE INSURANCE AGENTS INSURANCE ARRANGEMENTS INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE MARKET INSURANCE MARKETS INSURANCE PAYOUT INSURANCE POLICIES INSURANCE POLICY INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SECTOR INSURERS INTEREST RATE INTEREST RATE SWAPS INTERNATIONAL BANK INVESTING INVESTMENT BEHAVIOR INVESTMENT DECISIONS LABOR SUPPLY LAND USE LANDOWNER LIFE INSURANCE LIQUID ASSETS MARKET ECONOMIES MARKET ECONOMY MARKET VALUE MICRO-INSURANCE MICROINSURANCE MISSING MARKETS MONETARY VALUES MONEYLENDERS MORAL HAZARD MORTALITY NET COST OPTIMAL INVESTMENT PARTICULAR DEBT POLITICAL ECONOMY PORTFOLIO PORTFOLIO CHOICE POST OFFICE PRESENT VALUE PRODUCTIVITY PROFITABILITY RATES OF RETURN RESOURCE ECONOMICS RETURN RETURNS RISK AVERSION RISK DIVERSIFICATION RISK EXPOSURE RISK MANAGEMENT RISK MITIGATION SECURITIZATION SETTLEMENT SETTLEMENT DATE SUBSTITUTION TAX TRANSACTION TRANSITORY INCOME UTILITY FUNCTION VALUATION VALUATION TECHNIQUES VALUATIONS WEALTH EFFECTS WEATHER DERIVATIVES WEATHER INSURANCE household finance underinvestment ACCESS TO INSURANCE ACCOUNTING ADVERSE SELECTION ALLOCATION AMOUNT OF CREDIT ASSET HOLDINGS AUCTION AUTOMOBILE INSURANCE BANK POLICY BID BIDS BOND BOND MARKET BORROWING BUDGETING CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL STRUCTURE CASH PAYMENT CHECKS CLIMATE CLIMATE CHANGE CLIMATE VARIABILITY COMMODITY PRICE COMPENSATION CONSUMERS CONSUMPTION SMOOTHING CORPORATE FINANCE CORPORATE INVESTMENT COST OF INSURANCE COUPONS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT RISK CROP INSURANCE DATED CHECK DECISIONMAKING DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRIBUTIONAL EFFECTS DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC THEORY EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMERGING MARKET ECONOMY EMPLOYMENT EXCHANGE RATE EXPENDITURES FACE VALUE FARMING HOUSEHOLD FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE SYSTEM FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL DECISIONS FINANCIAL ECONOMICS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FOREIGN CURRENCY FORGIVENESS FUTURES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WEALTH HURRICANE INCOME INCOME DISTRIBUTION INCOME SHOCKS INCOME SMOOTHING INCOME STREAM INCOMPLETE MARKETS INNOVATIONS INSTRUMENT INSURANCE INSURANCE AGENTS INSURANCE ARRANGEMENTS INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE MARKET INSURANCE MARKETS INSURANCE PAYOUT INSURANCE POLICIES INSURANCE POLICY INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SECTOR INSURERS INTEREST RATE INTEREST RATE SWAPS INTERNATIONAL BANK INVESTING INVESTMENT BEHAVIOR INVESTMENT DECISIONS LABOR SUPPLY LAND USE LANDOWNER LIFE INSURANCE LIQUID ASSETS MARKET ECONOMIES MARKET ECONOMY MARKET VALUE MICRO-INSURANCE MICROINSURANCE MISSING MARKETS MONETARY VALUES MONEYLENDERS MORAL HAZARD MORTALITY NET COST OPTIMAL INVESTMENT PARTICULAR DEBT POLITICAL ECONOMY PORTFOLIO PORTFOLIO CHOICE POST OFFICE PRESENT VALUE PRODUCTIVITY PROFITABILITY RATES OF RETURN RESOURCE ECONOMICS RETURN RETURNS RISK AVERSION RISK DIVERSIFICATION RISK EXPOSURE RISK MANAGEMENT RISK MITIGATION SECURITIZATION SETTLEMENT SETTLEMENT DATE SUBSTITUTION TAX TRANSACTION TRANSITORY INCOME UTILITY FUNCTION VALUATION VALUATION TECHNIQUES VALUATIONS WEALTH EFFECTS WEATHER DERIVATIVES WEATHER INSURANCE household finance underinvestment Cole, Shawn Giné, Xavier Vickery, James How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment |
description |
Weather is a key source of income risk
for many firms and households, particularly in emerging
market economies. This paper uses a randomized controlled
trial approach to study how an innovative risk management
instrument for hedging rainfall risk affects production
decisions among a sample of Indian agricultural firms. The
analysis finds that the provision of insurance induces
farmers to shift production toward higher-return but
higher-risk cash crops, particularly among more-educated
farmers. The results support the view that financial
innovation may help mitigate the real effects of uninsured
production risk. In a second experiment, the study elicits
willingness to pay for insurance policies that differ in
their contract terms, using the Becker-DeGroot-Marshak
mechanism. Willingness-to-pay is increasing in the actuarial
value of the insurance, but substantially less than
one-for-one, suggesting that farmers' valuations are
inconsistent with a fully rational benchmark. |
topic_facet |
ACCESS TO INSURANCE ACCOUNTING ADVERSE SELECTION ALLOCATION AMOUNT OF CREDIT ASSET HOLDINGS AUCTION AUTOMOBILE INSURANCE BANK POLICY BID BIDS BOND BOND MARKET BORROWING BUDGETING CAPITAL FLOWS CAPITAL INVESTMENT CAPITAL STRUCTURE CASH PAYMENT CHECKS CLIMATE CLIMATE CHANGE CLIMATE VARIABILITY COMMODITY PRICE COMPENSATION CONSUMERS CONSUMPTION SMOOTHING CORPORATE FINANCE CORPORATE INVESTMENT COST OF INSURANCE COUPONS CREDIT DEFAULT CREDIT DEFAULT SWAPS CREDIT RISK CROP INSURANCE DATED CHECK DECISIONMAKING DERIVATIVES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRIBUTIONAL EFFECTS DUMMY VARIABLE ECONOMIC ACTIVITY ECONOMIC THEORY EMERGING MARKET EMERGING MARKET COUNTRIES EMERGING MARKET ECONOMIES EMERGING MARKET ECONOMY EMPLOYMENT EXCHANGE RATE EXPENDITURES FACE VALUE FARMING HOUSEHOLD FEDERAL RESERVE FEDERAL RESERVE BANK FEDERAL RESERVE SYSTEM FINANCIAL ASSETS FINANCIAL CONSTRAINTS FINANCIAL DECISIONS FINANCIAL ECONOMICS FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FOREIGN CURRENCY FORGIVENESS FUTURES HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD WEALTH HURRICANE INCOME INCOME DISTRIBUTION INCOME SHOCKS INCOME SMOOTHING INCOME STREAM INCOMPLETE MARKETS INNOVATIONS INSTRUMENT INSURANCE INSURANCE AGENTS INSURANCE ARRANGEMENTS INSURANCE COMPANY INSURANCE CONTRACT INSURANCE CONTRACTS INSURANCE COVERAGE INSURANCE MARKET INSURANCE MARKETS INSURANCE PAYOUT INSURANCE POLICIES INSURANCE POLICY INSURANCE PRODUCT INSURANCE PRODUCTS INSURANCE SECTOR INSURERS INTEREST RATE INTEREST RATE SWAPS INTERNATIONAL BANK INVESTING INVESTMENT BEHAVIOR INVESTMENT DECISIONS LABOR SUPPLY LAND USE LANDOWNER LIFE INSURANCE LIQUID ASSETS MARKET ECONOMIES MARKET ECONOMY MARKET VALUE MICRO-INSURANCE MICROINSURANCE MISSING MARKETS MONETARY VALUES MONEYLENDERS MORAL HAZARD MORTALITY NET COST OPTIMAL INVESTMENT PARTICULAR DEBT POLITICAL ECONOMY PORTFOLIO PORTFOLIO CHOICE POST OFFICE PRESENT VALUE PRODUCTIVITY PROFITABILITY RATES OF RETURN RESOURCE ECONOMICS RETURN RETURNS RISK AVERSION RISK DIVERSIFICATION RISK EXPOSURE RISK MANAGEMENT RISK MITIGATION SECURITIZATION SETTLEMENT SETTLEMENT DATE SUBSTITUTION TAX TRANSACTION TRANSITORY INCOME UTILITY FUNCTION VALUATION VALUATION TECHNIQUES VALUATIONS WEALTH EFFECTS WEATHER DERIVATIVES WEATHER INSURANCE household finance underinvestment |
author |
Cole, Shawn Giné, Xavier Vickery, James |
author_facet |
Cole, Shawn Giné, Xavier Vickery, James |
author_sort |
Cole, Shawn |
title |
How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment |
title_short |
How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment |
title_full |
How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment |
title_fullStr |
How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment |
title_full_unstemmed |
How Does Risk Management Influence Production Decisions? Evidence from a Field Experiment |
title_sort |
how does risk management influence production decisions? evidence from a field experiment |
publisher |
World Bank, Washington, DC |
publishDate |
2013-07 |
url |
http://documents.worldbank.org/curated/en/2013/07/18030727/risk-management-influence-production-decisions-evidence-field-experiment https://hdl.handle.net/10986/15904 |
work_keys_str_mv |
AT coleshawn howdoesriskmanagementinfluenceproductiondecisionsevidencefromafieldexperiment AT ginexavier howdoesriskmanagementinfluenceproductiondecisionsevidencefromafieldexperiment AT vickeryjames howdoesriskmanagementinfluenceproductiondecisionsevidencefromafieldexperiment |
_version_ |
1807156934729531392 |