SELF-INSURANCE AND THE UTILITY OF STANDARD RISK MANAGEMENT CONTRACTS

Shiva S. Makki and Mario Miranda ()

No 20975, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper analyzes the potential trade offs and complementarities that exist between intra-year strategies employing annual price and yield risk contracts and inter-year self-insurance strategies involving intertemporal consumption substitution and borrowing, and examines whether standard crop insurance contracts can be made more useful to farmers if offered with a multiple-year horizon.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Pages: 16
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20975

DOI: 10.22004/ag.econ.20975

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