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dc.contributor.authorBaumgärtner, Stefanen_US
dc.contributor.authorQuaas, Martin F.en_US
dc.date.accessioned2007-10-25en_US
dc.date.accessioned2009-10-01T15:02:00Z-
dc.date.available2009-10-01T15:02:00Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/28179-
dc.description.abstractAgro-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.isoengen_US
dc.publisherLeuphana-Univ. Lüneburgen_US
dc.relation.ispartofseriesUniversity of Lüneburg working paper series in economics 61en_US
dc.subject.jelQ1en_US
dc.subject.jelQ57en_US
dc.subject.jelH23en_US
dc.subject.jelD62en_US
dc.subject.ddc330en_US
dc.subject.stwLandwirtschaften_US
dc.subject.stwBiodiversitäten_US
dc.subject.stwUmweltmanagementen_US
dc.subject.stwRisikoaversionen_US
dc.subject.stwLandwirtschaftliche Versicherungen_US
dc.subject.stwTheorieen_US
dc.titleAgro-biodiversity as natural insurance and the development of financial insurance marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn543535363en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Working Paper Series in Economics, Leuphana Universität Lüneburg

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