The importance of risk management increases as farmers become more exposed to risk. But risk management is a difficult … topic because income risk is the result of the complex interaction of multiple risk factors combined with the effect of an … increasing array of possible risk management tools. In this paper we use Bayesian networks as an integrated modelling approach …

company and an external database, and 2). evaluation of the relationship between the matching accuracy score and several risk … to a master database that contains the best available public information about a specific customer. Additionally …, information management and risk management departments of financial institutions may have very different models. Hence, it is …

that have included risk and risk management tools within the stochastic frontier analysis in agricultural economics. This … study contributes to investigating the methods used to account for endogeneity by using a risk-accommodating stochastic … few studies have treated endogeneity in farm risk-performance evaluations. According to our findings, it can be concluded …

production risk and may therefore reduce farmer demand for on-farm varietal diversity, especially when only a few transgenic …

modeled. At the same time, the risk management analysis largely ignore a significant “human nature” based (bounded rationality …, opportunism) risk, critical factors for the managerial choice such as the institutional environment and the transaction costs, and … diversity of alternative (market, private, collective, public, hybrid) modes of risk management. This paper incorporates the …

Farm survey data show that the risk aversion of West Australian farmers is comparable to that of other asset holders … other perils but not against the greatest risk – drought. The farm survey indicates that adverse selection does not arise in … the existing market for crop insurance because insurance premiums reflect the risk of crop failure. However, a future …

risk but in practice has exhibited low uptake rates by potential clients. Basis risk—the remaining risk faced by an insured … individual—is widely acknowledged as the Achilles heel of index insurance, and yet direct measurements of basis risk have never …-specific environmental information and spatial variation in basis risk introduces the possibility of adverse selection, a feature often …

willingness to pay. Basis risk does not seem to be a major constraint. …