Breaking Boundaries: Lower Tail Dependence Can Triple the Economic Value of Index Insurance for Rural Households
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Despite its promise to help low-wealth households manage climate risk, index insurance remains hampered by downside basis risk, meaning that an insured party suffers a loss, but receives no payment because the insurance index fails to register a loss. While efforts to reduce basis risk focus on the
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美国国家经济研究局创建时间：
2024-07-01
