Chapter

Agricultural Institutions for Insurance and Stabilization

David M. Newbery

in The Economic Theory of Agrarian Institutions

Published in print December 1991 | ISBN: 9780198287629
Published online November 2003 | e-ISBN: 9780191595912 | DOI: http://dx.doi.org/10.1093/0198287623.003.0014

Series: Clarendon Paperbacks

 Agricultural Institutions for Insurance and Stabilization

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Gives an overview of the institutional implications of the economic theory of risk and associated market failures.

Keywords: constrained inefficiency; futures markets; market failure; non‐diversifiable risk; price stabilization; risk‐pooling; risk‐sharing

Chapter.  14972 words.  Illustrated.

Subjects: Economic Development and Growth

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