This paper describes farmer’s exposures to risks at the individual farm level and develops a model representing the decisions of an individual risk averse farmer facing variability in both prices and yields. A set of stylised risk market instruments is represented. The model is calibrated...

The purpose of this study is to assess and evaluate the most important risks in selected Europeanand international food chains from the perspective of the buying company. The primary objectiveis to identify the “non-acceptable” risks in terms of damage potential and likelihood of...

The globalization of markets, increased specialization in customers services, shorter lead times,are among the main factors influencing the change in firms organization. The firms disintegrationis growing, leading to an increased demand for collaborative management along the supplychain. The...

Farmers Markets are receiving an increasing attention by both food chains actors and socialscientists. Economic and sociological studies are contributing to the comprehension of theseforms of exchange. Both consumers and producers are fostering their expectations about therenewal of a mode of...

Food consumers often query or ignore the risk assessments of scientists, the food industry andpublic bodies. This is widely acknowledged. It has been suggested that this ‘expert-lay discrepancy’is a relatively straightforward upshot of the fact that lay people lack the knowledge andtechnical...

This paper aims at comparing the innovative potential of leading food processing companies inemerging and developed economies. We asked ourselves how the clearly differing economicand social conditions of two areas that are only comparable in terms of their number ofinhabitants (about 16 to 18...

As national economies have integrated through removal of trade barriers, the potential for offshoringproduction was quickly recognized as a strategy to enhance firm performance. At thesame time, labor market reforms opened the door for outsourcing of labor services to specialistfirms that supply...

Fisheries management is complicated in nearly all cases by various types of uncertainty. Numerous economics and fisheries science publications prescribe adjustments to harvest strategies and regulations in the face of uncertainty. The conclusions and recommendations from this body of work are...

Cash and futures prices should reach equality, or converge, upon contract maturity. Traders can impose convergence during the delivery month througharbitrage behavior: either making or taking delivery on futures contracts. If convergence is not predictable, a futures market fails to provide a...

Renewable Fuel Standard (RFS) aims to support investment in cellulosic biofuel refineries by mandating a floor on the amount of biofuels being consumed in every calendar year. Tradable Renewable Identification Numbers (RINs) is the market mechanism by which the mandates are to be met. But the...