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Risk Management in Agri-food Chain

Hrabrin Bachev ()

MPRA Paper from University Library of Munich, Germany

Abstract: This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agri-food risks, and the (market, private, public and 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 the risk governance. Finally, it identifies contemporary opportunities and challenges for risk governance in agri-food chain.

Keywords: risk management; market, private, and public governance; agri-food chain (search for similar items in EconPapers)
JEL-codes: L25 D81 Q12 Q18 D23 L14 Q52 O17 Q13 L22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-cwa and nep-rmg
Date: 2012-05-30
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:39594

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