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Why do many households remain exposed to large exogenous sources of non-systematic income risk? This paper uses a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. The analysis finds that demand is significantly price-elastic, but that even if insurance were offered with payout ratios similar to US, widespread coverage would not be achieved. The paper identifies key non-price frictions that limit demand: liquidity constraints, particularly among poor households, lack of trust, and limited salience. The authors suggest potential improvements in contract design to mitigate these frictions.

Access to Finance --- Consumer Finance --- Debt Markets --- Economic Development --- Emerging Markets --- Financial Literacy --- Insurance --- Labor Policies --- Liquidity Constraints --- Rural Development --- Trust

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Why do many households remain exposed to large exogenous sources of non-systematic income risk? This paper uses a series of randomized field experiments in rural India to test the importance of price and non-price factors in the adoption of an innovative rainfall insurance product. The analysis finds that demand is significantly price-elastic, but that even if insurance were offered with payout ratios similar to US, widespread coverage would not be achieved. The paper identifies key non-price frictions that limit demand: liquidity constraints, particularly among poor households, lack of trust, and limited salience. The authors suggest potential improvements in contract design to mitigate these frictions.

Access to Finance --- Consumer Finance --- Debt Markets --- Economic Development --- Emerging Markets --- Financial Literacy --- Insurance --- Labor Policies --- Liquidity Constraints --- Rural Development --- Trust

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

The measurement of economic entities' financial strength is one of the significant challenges of modern economic and financial research. With increased financial globalization, faster economic changes, and a new dimension of increased financial risk in the context of the COVID-19 pandemic crisis due to its biological nature and broad scope, affecting the whole world simultaneously, the issue of forecasting financial energy is gaining much more importance currently. This Special Issue entitled „Challenge and Research Trends of Forecasting Financial Energy” is devoted to the broad research area of forecasting financial energy of economic units such as enterprises, households, local governments, etc. Conceptualizing the term of financial energy, we aim to capture a wide spectrum of predicting and evaluating the financial standing, including various aspects of corporate finance, personal finance, and public finance.

Development economics & emerging economies --- economics of family --- personal finance --- financial energy --- forecasting --- bankruptcy of households --- financial health --- consumer finance --- consequences of COVID-19 --- farms --- factors determining the propensity to use external capital --- logistic regression --- classification and regression trees (CRT) --- Central Pomerania --- Poland --- COVID-19 --- pandemic --- company’s performance --- crude oil --- energy markets --- technical trading rules --- predictability --- data snooping --- market efficiency --- COVID-19 pandemic --- hold-up problem --- natural gas --- transit country --- gas wars --- Sustainable Development Goals (SDGs) --- sustainable entrepreneurship --- family firm --- managerial overconfidence --- financial strategy --- electric cars --- Asia --- ASEAN --- tax incentives --- development forecasts --- economics of family --- personal finance --- financial energy --- forecasting --- bankruptcy of households --- financial health --- consumer finance --- consequences of COVID-19 --- farms --- factors determining the propensity to use external capital --- logistic regression --- classification and regression trees (CRT) --- Central Pomerania --- Poland --- COVID-19 --- pandemic --- company’s performance --- crude oil --- energy markets --- technical trading rules --- predictability --- data snooping --- market efficiency --- COVID-19 pandemic --- hold-up problem --- natural gas --- transit country --- gas wars --- Sustainable Development Goals (SDGs) --- sustainable entrepreneurship --- family firm --- managerial overconfidence --- financial strategy --- electric cars --- Asia --- ASEAN --- tax incentives --- development forecasts