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Management of agrarian risk

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  • Hrabrin Bachev

Abstract

This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in the agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agrarian risks, and the (market, private, public, hybrid) modes of their management. Second, it defines the efficiency of risk management and identifies (personal, institutional, dimensional, technological, natural) factors of governance choice. Next, it presents stages in analysis of risk management and for the improvement of public intervention in risk governance. Finally, it identifies contemporary opportunities and challenges for risk management in agri-food chain.

Suggested Citation

  • Hrabrin Bachev, 2013. "Management of agrarian risk," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 50-75,76-99.
    • Handle: RePEc:bas:econth:y:2013:i:2:p:50-75,76-99
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    Cited by:

    1. Economic Research Institute at BAS (ed.), 2020. "Economic Development and Policies – Realities and Prospects," ERI-BAS Books, Bulgarian Academy of Sciences - Economic Research Institute, number 36:p:1-884, June.
    2. Hrabrin Bachev, 2018. "The impact of the institutional environment on agrarian sustainability in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 3-32,33-60.

    More about this item

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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