Potential Demand for Drought Insurance in Burkina Faso and Its Determinants
利用布基纳法索农户数据，估计正式干旱保险的需求并分析其决定因素，发现家庭现有自我保险策略不足，公共粮食援助引发道德风险，大型牲畜持有可被保险替代。
Abstract The objectives of this paper are twofold: ( a ) to estimate demand for formal drought insurance using farm household data in Burkina Faso and ( b ) to find what determines insurance demand. The following findings are salient. First, effective demand is found in all zones, which implies inadequacies in households' current self‐insurance strategies. Second, there is much heterogeneity in the strategies to self‐insure even within zones. Third, the expectation of public food aid decreases demand for drought insurance, which suggests that food aid is causing moral hazard. Fourth, households with large livestock holdings can reduce the size of herd by substituting drought insurance for livestock holdings.