Adaptation to the consequences of climate change can depend on efficient use of ecosystem services (ES), i.e. a better use of natural services through management of the way in which they are delivered to society. While much discussion focuses on reducing consumption and increasing production of...

This study examines the interaction between insurance, credit and liquidityconstraints using a stochastic dynamic model. A risk averse farmer whoseobjective is to manage both production and market risk is assumed tomaximize the expected utility of life-time consumption by using both arearevenue...

This study examines the interaction between insurance, credit and liquidity constraints using a stochastic dynamic model. A risk averse farmer whose objective is to manage both production and market risk is assumed to maximize the expected utility of life-time consumption by using both area...