Production insurance is one of the main instruments of agricultural policy at the global level. It provides security against the damages caused by bad weather, as well as induces the adoption of technologies and preserves productive capacities. In several countries, the government have been...

Production insurance is one of the main instruments of agricultural policy at the global level. It provides security against the damages caused by bad weather, as well as induces the adoption of technologies and preserves productive capacities. In several countries, the government have been...

In this paper we compare the costs of two regulatory policies about the entry of new firms. We consider an incumbent firm that has more information about the market demand than the regulator. Then, the incumbent firm can use this advantage to persuade the regulator to make entry more difficult....