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Agriculture and Adaptation to climate change: the role of insurance in risk management. The case of Colombia
(2011-12)
Insurance can potentially play an important role in climate change adaptation for rural households in developing countries. However, agricultural insurance markets seldom develop fully because of market failures. In Colombia, these market failures, namely information asymmetries and high transaction costs, are amplified by the country s difficult topography, poor infrastructure, and history of rural violence. Even ...