Willingness to Pay for Index-Based Livestock Insurance by Pastoralists and Agro-Pastoralists: Evidence from Senegal


Authors : Mame Mor Anta SYLL

Volume/Issue : Volume 6 - 2021, Issue 9 - September

Google Scholar : http://bitly.ws/gu88

Scribd : https://bit.ly/3kpzq3D

This work uses a contingent valuation and a factor analysis to respectively measure pastoralists’ willingness to pay (WTP) and characterize their profile in the context of Senegal. Using primary data on 300 pastoralists, our results show that 50% of the respondents are ready to pay at least 3000 CFA (around 6 USD) to insure against forage shortage due to drought, no matter the animal considered (cattle, sheep or goat) or the type of contract proposed to them (coverage of 1 animal, 5 most important animals or the entire herd). Pastoralists who declared higher level of WTP are not the wealthiest or the most exposed to shocks among the pastoralists in our sample.

Keywords : WTP, Contingent Valuation, Index-Based Livestock Insurance, Factor Analysis, Pastoralists.

CALL FOR PAPERS


Paper Submission Last Date
31 - March - 2024

Paper Review Notification
In 1-2 Days

Paper Publishing
In 2-3 Days

Video Explanation for Published paper

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe