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• W140128213 abstract "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’sexpected utility under two different option contracts, adrought 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 andperform a numerical application that is relevant for a Spanish region." @default.
• W140128213 created "2016-06-24" @default.
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• W140128213 date "2013-01-01" @default.
• W140128213 modified "2023-09-23" @default.
• W140128213 title "Assessment of irrigators’ preferences for different water supply risk management tools: option contract and insurance." @default.
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