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Leuphana Universität Lüneburg >
Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/28179
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Baumgärtner, Stefan | | en_US |
| dc.contributor.author | | Quaas, Martin F. | | en_US |
| dc.date.accessioned | | 2007-10-25 | | en_US |
| dc.date.accessioned | | 2009-10-01T15:02:00Z | | - |
| dc.date.available | | 2009-10-01T15:02:00Z | | - |
| dc.date.issued | | 2007 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/28179 | | - |
| dc.description.abstract | | Agro-biodiversity can provide natural insurance to risk averse farmers. We employ a conceptual ecological-economic model to analyze the choice of agrobiodiversity by risk averse farmers who have access to financial insurance. We study the implications for individually and socially optimal agro-ecosystem management and policy design when on-farm agro-biodiversity, through ecosystem processes at higher hierarchical levels, generates a positive externality on other farmers. We show that for the individual farmer natural insurance from agro-biodiversty and financial insurance are substitutes. While an improved access to financial insurance leads to lower agro-biodiversity, the e_ects on the market failure problem (due to the external benefits of on-farm agro-biodiversity) and on welfare are determined by properties of the agro-ecosystem and agro-biodiversity’s external benefits. We derive a specific condition on agro-ecosystem functioning under which, if financial insurance becomes more accessible, welfare in the absence of regulation increases or decreases. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Leuphana-Univ. Lüneburg | | en_US |
| dc.relation.ispartofseries | | University of Lüneburg working paper series in economics 61 | | en_US |
| dc.subject.jel | | Q1 | | en_US |
| dc.subject.jel | | Q57 | | en_US |
| dc.subject.jel | | H23 | | en_US |
| dc.subject.jel | | D62 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.stw | | Landwirtschaft | | en_US |
| dc.subject.stw | | Biodiversität | | en_US |
| dc.subject.stw | | Umweltmanagement | | en_US |
| dc.subject.stw | | Risikoaversion | | en_US |
| dc.subject.stw | | Landwirtschaftliche Versicherung | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | Agro-biodiversity as natural insurance and the development of financial insurance markets | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 543535363 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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