Showing 1 - 10 of 127
paper measures the extent to which risk management tools, especially direct payments and crop insurance, can significantly … reduce crop income volatility in France and in Italy. We use an original dataset of 9,555 farms for the period 2003 … management tools (European payments, crop insurance and inputs) to improve their income and reduce its volatility. French farms …
Persistent link: https://www.econbiz.de/10011265262
Persistent link: https://www.econbiz.de/10010780287
This article analyzes the effect of risk and risk-aversion on the long-term equilibrium technology mix in an electricity market. It develops a model where firms can invest in baseload plants with a fixed variable cost and peak plants with a random variable cost, and demand for electricity varies...
Persistent link: https://www.econbiz.de/10010780310
Abstract This paper investigates the reasons why African farmers differ in storage behavior and estab- lishes a causal link between farmers’ time and risk preferences and storage.We first provide a styl- ized onfarmstorage model inwhich impatience and risk aversion interact in the storage...
Persistent link: https://www.econbiz.de/10011141496
The existing literature on credence goods and expert services has overlooked the importance of risk aversion. In this paper we extend a standard expert model of credence goods with verifiable service quality by considering risk-averse consumers. Our results show that the presence of risk...
Persistent link: https://www.econbiz.de/10010894741
This paper provides a theoretical analysis of the benefits for an insurance company to develop its own network of … service providers when insurance fraud is characterized by collusion between policyholders and providers. In a static … framework without collusion, exclusive affiliation of providers allows insurance companies to recover some market power and to …
Persistent link: https://www.econbiz.de/10010780502
in the decision to use chemical inputs. We show that taking out crop insurance functions as a substitute for inputs and … observe a double moral hazard effect: Winegrowers who increase their insurance coverage reduce their consumption of inputs the …
Persistent link: https://www.econbiz.de/10011141705
, physical size and turnover all act as a driving force in deciding to use inputs. Taking out crop insurance acts as a substitute … most increase their insurance and receive greater compensation – and moral hazard effect – the wine-growers who …
Persistent link: https://www.econbiz.de/10011141742
Persistent link: https://www.econbiz.de/10010780175
parameters using a panel data from France customs service. …
Persistent link: https://www.econbiz.de/10010780434