Does Income Stabilization Tool Outperform Traditional Insurance Contracts in Managing Risk? a Simulation in a Wine Producer Cooperative in Italy

Zinnanti Cinzia (), Coletta Attilio and Simone Severini
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Zinnanti Cinzia: Università Degli Studi Della Tuscia - Dipartimento DAFNE
Coletta Attilio: Università Degli Studi Della Tuscia - Dipartimento DAFNE
Simone Severini: Università Degli Studi Della Tuscia - Dipartimento DAFNE

A chapter in Innovation and Knowledge in Agri-food and Environmental Systems, 2024, pp 161-165 from Springer

Abstract: Abstract This paper investigates the application of the IST in a winegrowers’ cooperative. It assesses the financial sustainability of the IST and explores farmers’ willingness to adopt it. The present contribution adds to previous analyses by accounting that farmers might choose between: a. participating to the IST; b. subscribing a traditional yield insurance contract; c. not participating in neither of the two. The study shows how the analysis of possible implementation of the IST without accounting for the availability of other tools can yield distorted results and drive to imperfect decisions.

Keywords: Insurance; Gross margin; Expected utility (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-65168-7_26

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DOI: 10.1007/978-3-031-65168-7_26

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