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This paper deals with private forest owners' insurance demand against forest fire risk. Econometric analysis is realized on a sample of forest owners from Aquitaine. It allows identifying determinants of participation to insurance from determinants explaining the difference of willingness-to-pay...
Persistent link: https://www.econbiz.de/10013127789
The objective of the paper is to analyze the risk management behavior of a non-industrial private forest owner under uncertainty about the timber production. Two types of hedging strategies with harvesting decisions are studied: a financial practice versus a physical one. We develop a two-period...
Persistent link: https://www.econbiz.de/10014209855