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Management of agrarian risk
Management of agrarian risk

Author(s): Hrabrin Bachev
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: JEL: L25; D81; Q12; O17

Summary/Abstract: 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.

  • Issue Year: 2013
  • Issue No: 2
  • Page Range: 76-99
  • Page Count: 24
  • Language: English