Agro-biodiversity as natural insurance and the development of financial insurance markets

Research output: Contributions to collected editions/worksChapterpeer-review

Standard

Agro-biodiversity as natural insurance and the development of financial insurance markets. / Baumgärtner, Stefan; Quaas, Martin F.

Agrobiodiversity conservation and economic development. ed. / Andreas Kontoleon; Unai Pascual; Melinda Smale. Abingdon : Routledge Taylor & Francis Group, 2008. p. 293-317.

Research output: Contributions to collected editions/worksChapterpeer-review

Harvard

Baumgärtner, S & Quaas, MF 2008, Agro-biodiversity as natural insurance and the development of financial insurance markets. in A Kontoleon, U Pascual & M Smale (eds), Agrobiodiversity conservation and economic development. Routledge Taylor & Francis Group, Abingdon, pp. 293-317. https://doi.org/10.4324/9780203890127

APA

Baumgärtner, S., & Quaas, M. F. (2008). Agro-biodiversity as natural insurance and the development of financial insurance markets. In A. Kontoleon, U. Pascual, & M. Smale (Eds.), Agrobiodiversity conservation and economic development (pp. 293-317). Routledge Taylor & Francis Group. https://doi.org/10.4324/9780203890127

Vancouver

Baumgärtner S, Quaas MF. Agro-biodiversity as natural insurance and the development of financial insurance markets. In Kontoleon A, Pascual U, Smale M, editors, Agrobiodiversity conservation and economic development. Abingdon: Routledge Taylor & Francis Group. 2008. p. 293-317 doi: 10.4324/9780203890127

Bibtex

@inbook{8fe3c4e6b10642eca6684c8423c6d0ae,
title = "Agro-biodiversity as natural insurance and the development of financial insurance markets",
abstract = "Farmers traditionally grow a variety of crops in order to decrease the adverse impact of uncertain environmental and market conditions. That is, they use agro-biodiversity as a form of natural income insurance. In this chapter, we study how risk-averse farmers manage their portfolio of agro-biodiversity to hedge their income risk from uncertain environmental conditions, and how this management decision is being affected by the availability of financial insurance. Obviously, the two options-natural insurance through agrobiodiversity and financial insurance from the market-are substitutes for risk-averse farmers (Baumg{\"a}rtner 2007). So, the price of financial insurance has an impact on the level of agro-biodiversity cultivated on the farm for riskmanagement purposes: as financial insurance becomes cheaper, it drives out agro-biodiversity as a form of natural insurance.",
keywords = "Sustainability sciences, Management & Economics, Economics",
author = "Stefan Baumg{\"a}rtner and Quaas, {Martin F.}",
year = "2008",
month = oct,
day = "6",
doi = "10.4324/9780203890127",
language = "English",
isbn = "9780415619769",
pages = "293--317",
editor = "Andreas Kontoleon and Unai Pascual and Melinda Smale",
booktitle = "Agrobiodiversity conservation and economic development",
publisher = "Routledge Taylor & Francis Group",
address = "United Kingdom",

}

RIS

TY - CHAP

T1 - Agro-biodiversity as natural insurance and the development of financial insurance markets

AU - Baumgärtner, Stefan

AU - Quaas, Martin F.

PY - 2008/10/6

Y1 - 2008/10/6

N2 - Farmers traditionally grow a variety of crops in order to decrease the adverse impact of uncertain environmental and market conditions. That is, they use agro-biodiversity as a form of natural income insurance. In this chapter, we study how risk-averse farmers manage their portfolio of agro-biodiversity to hedge their income risk from uncertain environmental conditions, and how this management decision is being affected by the availability of financial insurance. Obviously, the two options-natural insurance through agrobiodiversity and financial insurance from the market-are substitutes for risk-averse farmers (Baumgärtner 2007). So, the price of financial insurance has an impact on the level of agro-biodiversity cultivated on the farm for riskmanagement purposes: as financial insurance becomes cheaper, it drives out agro-biodiversity as a form of natural insurance.

AB - Farmers traditionally grow a variety of crops in order to decrease the adverse impact of uncertain environmental and market conditions. That is, they use agro-biodiversity as a form of natural income insurance. In this chapter, we study how risk-averse farmers manage their portfolio of agro-biodiversity to hedge their income risk from uncertain environmental conditions, and how this management decision is being affected by the availability of financial insurance. Obviously, the two options-natural insurance through agrobiodiversity and financial insurance from the market-are substitutes for risk-averse farmers (Baumgärtner 2007). So, the price of financial insurance has an impact on the level of agro-biodiversity cultivated on the farm for riskmanagement purposes: as financial insurance becomes cheaper, it drives out agro-biodiversity as a form of natural insurance.

KW - Sustainability sciences, Management & Economics

KW - Economics

UR - http://www.scopus.com/inward/record.url?scp=84909418980&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/11d8feef-08fd-3ab2-8e89-e7db458b6eb5/

U2 - 10.4324/9780203890127

DO - 10.4324/9780203890127

M3 - Chapter

SN - 9780415619769

SN - 9780415465052

SP - 293

EP - 317

BT - Agrobiodiversity conservation and economic development

A2 - Kontoleon, Andreas

A2 - Pascual, Unai

A2 - Smale, Melinda

PB - Routledge Taylor & Francis Group

CY - Abingdon

ER -