Baumgärtner, Stefan; Quaas, Martin F. - 2008
Agro-biodiversity can provide natural insurance to risk-averse farmers by reducing the variance of crop yield, and to … analyze the choice of agro-biodiversity by risk-averse farmers who have access to financial insurance, and study the … implications for agri-environmental policy design when on-farm agro-biodiversity generates a positive risk externality. While …