IDEAS home Printed from https://ideas.repec.org/p/ags/eaae17/260826.html
   My bibliography  Save this paper

The Design Of The Income Stabilization Tool In Italy: Balancing Risk Pooling, Risk Reduction And Distribution Of Policy Benefits

Author

Listed:
  • Severini, Simone
  • Biagini, Luigi
  • Finger, Robert

Abstract

The potential impact of the income stabilisation tool (IST) is analysed on a panel of Italian farms. The paper extends the existing literature by investigating two implementation issues: level of aggregation of mutual funds (MF); definition of farmers contribution to MF. Enlarging the MF to cover more sectors/regions allows to better pool the risk making the indemnifications less variable over time. Regarding the second issue, a flat contribution is compared with a contribution proportional to the expected income of each farm. The latter approach generates a less unequal distribution of benefits among farms and more effectively reduces income variability.

Suggested Citation

  • Severini, Simone & Biagini, Luigi & Finger, Robert, 2017. "The Design Of The Income Stabilization Tool In Italy: Balancing Risk Pooling, Risk Reduction And Distribution Of Policy Benefits," 2017 International Congress, August 28-September 1, 2017, Parma, Italy 260826, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae17:260826
    DOI: 10.22004/ag.econ.260826
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/260826/files/The%20Design%20Of%20The%20Income%20Stabilization%20Tool%20In%20Italy%3A%20Balancing%20Risk%20Pooling%2C%20Risk%20Reduction%20And%20Distribution%20Of%20Policy%20Benefits.pdf
    Download Restriction: no
    File URL: https://ageconsearch.umn.edu/record/260826/files/The%20Design%20Of%20The%20Income%20Stabilization%20Tool%20In%20Italy%3A%20Balancing%20Risk%20Pooling%2C%20Risk%20Reduction%20And%20Distribution%20Of%20Policy%20Benefits.pdf?subformat=pdfa
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.260826?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zinnanti, Cinzia & Schimmenti, Emanuele & Borsellino, Valeria & Paolini, Giulio & Severini, Simone, 2019. "Economic performance and risk of farming systems specialized in perennial crops: An analysis of Italian hazelnut production," Agricultural Systems, Elsevier, vol. 176(C).
    2. Simone Severini & Giuliano Di Tommaso & Robert Finger, 2019. "Effects of the Income Stabilization Tool on farm income level, variability and concentration in Italian agriculture," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 7(1), pages 1-22, December.

    More about this item

    Keywords

    Community/Rural/Urban Development;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:eaae17:260826. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/eaaeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.