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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.
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 |
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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.
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 |