Baumgärtner, Stefan; Quaas, Martin F. - In: Agricultural economics : the journal of the … 41 (2010) 5, pp. 483-496
Agrobiodiversity can provide natural insurance to risk-averse farmers by reducing the variance of crop yield, and to society at large by reducing the uncertainty in the provision of public-good ecosystem services, for example, CO2 storage. We analyze the choice of agrobiodiversity by risk-averse...