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Managing environmental risk in agriculture: a systematic perspective on the potential of quantitative policy-oriented risk valuation

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  • Travisi, C.M.

    (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics)

  • Nijkamp, P.

Abstract

This paper seeks to offer a systematic overview of methods and techniques for environmental quality degradation, with a particular view to the management of agricultural risk, against the background of policy relevance. The paper argues that modern valuation methods from ecological economics can play an important role in advancing transparent policy decisions, but at the same time the paper also warns against unjustified optimism. Consequently, also a systematic review of various caveats in evaluation methods is offered.

Suggested Citation

  • Travisi, C.M. & Nijkamp, P., 2009. "Managing environmental risk in agriculture: a systematic perspective on the potential of quantitative policy-oriented risk valuation," Serie Research Memoranda 0043, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    • Handle: RePEc:vua:wpaper:2009-43
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