Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283631 
Year of Publication: 
2024
Citation: 
[Journal:] Journal of Agricultural and Applied Economics [ISSN:] 2056-7405 [Volume:] 56 [Issue:] 1 [Publisher:] Cambridge University Press [Place:] Cambridge [Year:] 2024 [Pages:] 1-20
Publisher: 
Cambridge University Press, Cambridge
Abstract: 
Strengthening climate resilience requires farmers to select climate adaptation strategies like weather index insurance. Acknowledging that decision-making is not isolated, this study explores simultaneous peer imitation in climate adaptation choices consisting of index insurance, savings, and their interaction. We present results from a lab-in-the-field experiment that introduces innovative index insurance. Findings indicate significant and strong imitation attitudes. While the bigger peer surrounding seems relevant in the static perspective, the closer surrounding gains importance in the dynamic perspective. Additionally, credit, trust, and practical understanding stimulate adoption. Community-based extension interventions and credit-bundled products may increase index insurance diffusion and improve climate resilience.
Subjects: 
adoption behavior
climate adaptations
index insurance
lab-in-the-field experiment
peer imitation
savings
Uzbekistan
JEL: 
G22
O16
O12
O13
D91
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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