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Severini, Simone; Cortignani, Raffaele. |
Farmers face increasing income uncertainty and the debate is growing on the role of insurance schemes and of public support in this field. This paper applies a PMP modelling approach that takes into explicit consideration risk aversion behaviour to test its applicability to evaluating the potential impact of insurance schemes. This is done by introducing a revenue insurance scheme into a model developed on a small group of crop farms in Italy. The paper represents a preliminary assessment of the soundness of the proposed approach. It identifies some limitations that should be overcome to improve the proposed approach. Despite these limitations, it seems a useful tool to investigate the impact of insurance schemes and policy relevant parameters such as... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Insurance schemes; PMP; Farmers’ behaviour; Risk aversion; Agricultural and Food Policy; Q12; C61; Q18. |
Ano: 2011 |
URL: http://purl.umn.edu/99431 |
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