Agro-biodiversity as natural insurance and the development of financial insurance markets

Agrobiodiversity Conservation and Economic Development

Volumn , Issue , 2008, Pages 293-317

  Baumgärtner, Stefan ^a   Quaas, Martin F ^b  

^a LEUPHANA UNIVERSITY OF LÜNEBURG   (Germany)

^b UNIVERSITY OF KIEL   (Germany)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84909418980     PISSN: None     EISSN: None     Source Type: Book    
DOI: 10.4324/9780203890127     Document Type: Chapter

References (35)

1. Arrow, K. J. (1965) Aspects of the theory of risk-bearing. Yrjö Jahnssonin Säätio Lecture. Reprinted with modifications in:K. J. Arrow, Essays in the Theory of Risk Bearing, Chicago:Markham, 1971.
2. Baumgärtner, S. (2007) 'The insurance value of biodiversity in the provision of ecosystem services', Natural Resource Modeling 10(1):87-127.
3. Birol, E., Kontoleon, A. and Smale, M. (2006a) 'Farmer demand for agri-cultural biodiversity in Hungary's transition economy:a choice experiment approach', in M. Smale (ed.), Valuing Crop Biodiversity on Farms during Economic Change, Wallingford, UK:CAB International Publishing.
4. Birol, E., Smale, M. and Gyovoi, A. (2006b) 'Using a choice experiment to estimate farmers' valuation of agrobiodiversity on Hungarian small farms', Environmental and Resource Economics 34:439-469.
5. Bramoullé, Y. and Treich, N. (2005) 'Can uncertainty alleviate the commons problem?' Discussion Paper, University of Toulouse.
6. Dasgupta, P.S. and Heal, G.M. (1979) Economic Theory and Exhaustible Resources, Cambridge:Cambridge University Press.
7. Di Falco, S., Chavas, J.-P. and Smale, M. (2007) 'Farmer management of production risk on degraded lands:wheat diversity in Tigray region, Ethiopia', Agricultural Economics 55(4):459-466.
8. Di Falco, S. and Perrings, C. (2003) 'Crop genetic diversity, productivity and stability of agroecosystems:a theoretical and empirical investigation', Scottish Journal of Political Economy 50(2):207-216.
9. Di Falco, S. and Perrings, C. (2005) 'Crop biodiversity, risk management and the implications of agricultural assistance', Ecological Economics 55(4), 459-466.
10. Durrett, R. and Levin, S. (1996) 'Spatial models for species-area curves', Journal of Theoretical Biology 179:119-127.
11. Ehrlich, J. and Becker, G. S. (1972) 'Market insurance, self-insurance and selfprotection', Journal of Political Economy 80:623-648.
12. Heal, G., Walker, B., Levin, S., Arrow, K., Dasgupta, P., Daily, G., Ehrlich, P., et al. (2004) 'Genetic diversity and interdependent crop choices in agriculture', Resource and Energy Economics, 26:175-184.
13. Hooper, D. U., Chapin III, F. S., Ewel, J. J., Hector, A., Inchausti, P., Lavorel, S., Lawton, J. H., et al. (2005) 'Effects of biodiversity on ecosystem functioning:a consensus of current knowledge', Ecological Monographs 75(1):3-35.
14. Horowitz, J.K. and Lichtenberg, E. (1993) 'Insurance, moral hazard and chemical use in agriculture', American Journal of Agricultural Economics 75:926-935.
15. Horowitz, J.K. and Lichtenberg, E. (1994a) 'Crop insurance and agricultural chemical use', in D. Hueth and H. Furtan (eds) Economics of Agricultural Crop Insurance:Theory and Evidence. Norwell, MA:Kluwer.
16. Horowitz, J.K. and Lichtenberg, E. (1994b) 'Risk-increasing and risk-reducing effects of pesticides', Journal of Agricultural Economics 45(1):82-89.
17. Kinzig, A., Pacala, S. and Tilman, D. (2002) The Functional Consequences of Biodiversity:Empirical Progress and Theoretical Extensions. Princeton, NJ:Princeton University Press.
18. Kreps, D.M. (1990) A Course in Microeconomic Theory. New York:Harvester Wheatsheaf.
19. Loreau, N., Naeem, S. and Inchausti, P. (2002) Biodiversity and Ecosystem Functioning:Synthesis and Perspectives. Oxford:Oxford University Press.
20. Loreau, N., Naeem, S., Inchausti, P., Bengtsson, J., Grime, J. P., Hector, A., Hooper, D.U., Huston, M. A. et al. 'Biodiversity and ecosystem functioning:current knowledge and future challenges', Science 294:804-808.
21. Luo, H., Skees, J. R. and Marchant, M. A. (1994) 'Weather information and the potential for intertemporal adverse selection', Review of Agricultural Economics 16:441-451.
22. Mahul, O. (2001) 'Optimal insurance against climatic experience', American Journal of Agricultural Economics 83:593-604.
23. Miranda, M. J. and Vedenov, D. V. (2001) 'Innovations in agricultural and natural disaster insurance', American Journal of Agricultural Economics 83:650-655.
24. Pratt, J. W. (1964) 'Risk aversion in the small and in the large', Econometrica 32(1-2):122-136.
25. Quaas, M. F. and Baumgärtner, S. (2008) 'Natural vs. financial insurance in the management of public-good ecosystems', Ecological Economics 65(2):397-406.
26. Sandler, T. and Sterbenz, F. P. (1990) 'Harvest uncertainty and the tragedy of the commons', Journal of Environmental Economics and Management 18(2):155-167.
27. Sandler, T., Sterbenz, F. P. and Posnett, J. (1987) 'Free riding and uncertainty', European Economic Review 31(8):1605-1617.
28. Schläpfer, F., Tucker, M., and Seidl, I. (2002) 'Returns from hay cultivation in fertilized low diversity and non-fertilized high diversity grassland', Environmental and Resource Economics 21:89-100.
29. Skees, J. R., Varangis, P., Larson, D. and Siegel, P. (2002) 'Can financial markets be tapped to help poor people cope with weather risks?' Technical report, World Bank, Washington DC.
30. Smale, M., Hartell, J., Heisey, P.W. and Senauer, B. (1998) 'The contribution of genetic resources and diversity to wheat production in the Punjab of Pakistan', American Journal of Agricultural Economics 80:482-493.
31. Tilman, D. (1997) 'Distinguishing between the effects of species diversity and species composition,' Oikos 80:185.
32. Widawsky, D. and Rozelle, S.D. (1998) 'Varietal diversity and yield variability in Chinese rice production', in M. Smale (ed.) Farmers, Gene Banks, and Crop Breeding:Economic Analyses of Diversity in Wheat, Maize, and Rice. Boston:Kluwer, pp. 159-172.
33. World Bank (2004) 'Mongolia-Index-Based Livestock Insurance Project', Technical report, World Bank, Washington, DC.
34. Wu, J. J. (1999) 'Crop insurance, acreage decisions, and nonpointsource pollution', American Journal of Agricultural Economics 81:305-320.
35. Zhu, Y., Chen, H., Fan, J., Wang, Y., Li, Y., Chen, J., Fan, J.X., et al. (2000) 'Genetic diversity and disease control in rice', Nature 406:718-722.