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Assessment of irrigators’ preferences for different water supply risk management tools: option contract and insurance.
Citation
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. |
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| Author/s: |
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| 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 |
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 |
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| DC Identifier: | https://oa.upm.es/25925/ |
| OAI Identifier: | oai:oa.upm.es:25925 |
| Deposited by: | Memoria Investigacion |
| Deposited on: | 03 Jul 2014 13:47 |
| Last Modified: | 14 Feb 2023 11:43 |
