Assessment of irrigators’ preferences for different water supply risk management tools: option contract and insurance.

Rey Vicario, Dolores and Garrido Colmenero, Alberto and Calatrava, Javier (2013). Assessment of irrigators’ preferences for different water supply risk management tools: option contract and insurance.. In: "IX Congreso de Economía Agraria", 03/09/2013 - 05/09/2013, Castelldefels, Barcelona, España.

Description

Title: Assessment of irrigators’ preferences for different water supply risk management tools: option contract and insurance.
Author/s:
  • Rey Vicario, Dolores
  • Garrido Colmenero, Alberto
  • Calatrava, Javier
Item Type: Presentation at Congress or Conference (Article)
Event Title: IX Congreso de Economía Agraria
Event Dates: 03/09/2013 - 05/09/2013
Event Location: Castelldefels, Barcelona, España
Title of Book: IX Congreso de Economía Agraria
Date: 2013
Subjects:
Faculty: E.T.S.I. Agrónomos (UPM) [antigua denominación]
Department: Economía y Ciencias Sociales Agrarias [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

Full text

[img]
Preview
PDF - Requires a PDF viewer, such as GSview, Xpdf or Adobe Acrobat Reader
Download (525kB)

Abstract

Irrigators face the risk of not having enough water to meet their crops’ demand. There are different mechanisms to cope with this risk, including water markets (option contracts) or insurance. A farmer will purchase them when the expected utility change derived from the tool is positive. This paper presents a theoretical assessment of the farmer’s expected utility under two different option contracts, a drought insurance and a combination of an option contract and the insurance. We analyze the conditions that determine farmer’s reference for one instrument or the other and perform a numerical application that is relevant for a Spanish region.

More information

Item ID: 25925
DC Identifier: http://oa.upm.es/25925/
OAI Identifier: oai:oa.upm.es:25925
Deposited by: Memoria Investigacion
Deposited on: 03 Jul 2014 13:47
Last Modified: 22 Sep 2014 11:39
  • Logo InvestigaM (UPM)
  • Logo GEOUP4
  • Logo Open Access
  • Open Access
  • Logo Sherpa/Romeo
    Check whether the anglo-saxon journal in which you have published an article allows you to also publish it under open access.
  • Logo Dulcinea
    Check whether the spanish journal in which you have published an article allows you to also publish it under open access.
  • Logo de Recolecta
  • Logo del Observatorio I+D+i UPM
  • Logo de OpenCourseWare UPM