Management of agrarian risk
Hrabrin Bachev ()
Economic Thought journal, 2013, issue 2, 50-75, 76-99
This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in the agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agrarian risks, and the (market, private, public, hybrid) modes of their management. Second, it defines the efficiency of risk management and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Next, it presents stages in analysis of risk management and for the improvement of public intervention in risk governance. Finally, it identifies contemporary opportunities and challenges for risk management in agri-food chain.
JEL-codes: L25 D81 Q12 O17 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:bas:econth:y:2013:i:2:p:50-75,76-99
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