Cavatorta, Elisa; Pieroni, Luca - In: Food Policy 43 (2013) C, pp. 278-290
This paper explores behavioural changes resulting from the presence of a uninsurable background risk. Due to markets … uninsurable background risk are less willing to bear other insurable risks and therefore increase their demand for insurance … risks, and this propensity is increasing in background risk intensity. Our findings point to possible incentive changes …