The Dynamics of Agricultural Insurance and Consumption Smoothing

Language: English

Published by Scholars' Press, 2013

3639517598 / 9783639517590

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - Most of the existing studies evaluating performance of market-based agricultural risk management instruments, are based on static, two-period models in which hedging or insurance is undertaken in the first period and all uncertainty is resolved in the second period. In reality, risk management decisions are undertaken in a multi-period, dynamic environment in which decisions in any period can affect outcomes in other periods. Once the modeling environment becomes truly dynamic, things can change substantially. This book focuses on interaction between farmer insurance decisions and their borrowing and saving decisions in a multi-period dynamic model. This type of interaction has not been comprehensively addressed in existing literature. In this book, a simple stochastic dynamic model is developed and solved for a risk-averse farmer using revenue insurance to manage risk and, also borrows and lends subject to a credit constraint. The analysis provides new insights into inter-temporal risk management behavior of farmers. It also suggests reasons why the effective demand for agricultural insurance may be much lower than that predicted by simple static models of agricultural insurance.…

Seller Inventory # 9783639517590

Title
The Dynamics of Agricultural Insurance and Consumption Smoothing
Author
Gerald Nyambane
Publisher
Scholars' Press
Publication year
2013
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3639517598
ISBN 13
9783639517590
Item weight
233 grams
Dimensions
220x150x10 mm

AHA-BUCH GmbH

Einbeck, Germany

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AbeBooks seller since August 14, 2006

Shipping rates from Germany to U.S.A.

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