Intrahousehold Resource Allocation in Developing Countries: Methods, Models, and Policy

Smallholder farmers are increasingly exposed to weather extremes but lack access to affordable insurance products for catastrophic crop damage. This paper analyzes the feasibility of Picture-Based Insurance (PBI) as a low-cost tool to improve coverage. PBI verifies insurance claims using smartphone pictures of insured plots, taken by farmers themselves, to minimize asymmetric information and costs of claims verification, while reducing basis...