variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration … between policy measures and market strategies in terms of impacts on production, welfare and risk. Risk reducing strategies … reflected in the farmer's risk aversion. The policy package set up by the government matters because measures interact between …

an important link between instrument choice and policy stringency, based on the observation that both of these elements … of policy design depend on the same underlying information, namely the marginal benefit and cost slopes. This result is … of stabilization at the current stock level. In the case of greenhouse gas policy, we show that any benefit slope …

variability in both prices and yields. A comprehensive set of stylised risk reducing policy measures is represented. A calibration … between policy measures and market strategies in terms of impacts on production, welfare and risk. Risk reducing strategies … reflected in the farmer's risk aversion. The policy package set up by the government matters because measures interact between …

The 2007-2008 food crisis and current food price swings led economists to re-evaluate the potential for policy … policy to lower food price volatility does not depend on the nature of the policy instrument only, but also on the … tradition of public intervention, and by the persistence of highly volatile prices. The consistency of the policy use appears to …