Diversification is the traditional way farmers use to hedge against crop yield variations. However, most insurance policies and financial contracts do not take into account this strategy in their design. In this context, we develop a of portfolio insurance model based on area-yield crop indices....

Purpose – The purpose of this paper is to examine a new insurance policy against natural disasters. Design/methodology/approach – The authors propose an optimisation model, which involves both the insurer and the farmer. The farmer decides to insure his farm if and only if insurance improves...

This article analyzes the consequences for risk distribution of the French Flood Prevention Action Programme (PAPI). By redirecting floods from the most vulnerable to the least vulnerable areas, PAPIs expose farmers to greater flood risks. This has led local water management institutions to...

High losses generated by natural catastrophes reduce the availability of insurance. Among the ways to manage risk, the subscriptions of participating and non-participating contracts respectively permit to implement the two major principles in risk allocation: the mutuality and the transfer...

Among coastal areas, lagoons are probably one of the most active and sensitive areas. They provide numerous goods and services that are of value to people. As public goods, there are freely accessible but in counterpart there are more endangered than other areas. Conflict uses between activities...

Using data for 2002-2005 on a representative survey of French farms (FADN-RICA), we investigate the different factors that lead farmers to insure against crop risk. Our analysis takes into account a mix of both standard individual, financial and agricultural criteria. Cross-sectional and...

We consider future cash flows that are contingent both on dates in time and on uncertain states. The decision maker (DM) values the cash flows according to its decision criterion: Here the payoffs’ expectation with respect to a capacity measure. The subjective measure grasps the DM’s...

Parmi les nombreux problèmes que posent la prise en compte de l’Environnement en économie et plus précisément dans l’étude des risques, le rôle, la nature et les représentations de l’incertitude sont fondamentaux. Que ce soit les dangers que provoquent leur environnement aux...

An adaptive governance system strives to enhance the capacity of institutions to better coordinate between them. As such, the main objective of an adaptive governance system would be to put learning by experience processes in place, and thus to improve the adaptive capacity of the concerned...