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The Economic Theory of Agrarian Institutions$
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Pranab Bardhan

Print publication date: 1991

Print ISBN-13: 9780198287629

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198287623.001.0001

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Agricultural Institutions for Insurance and Stabilization

Agricultural Institutions for Insurance and Stabilization

Chapter:
(p.267) 14. Agricultural Institutions for Insurance and Stabilization
Source:
The Economic Theory of Agrarian Institutions
Author(s):

David M. Newbery

Publisher:
Oxford University Press
DOI:10.1093/0198287623.003.0014

Gives an overview of the institutional implications of the economic theory of risk and associated market failures.

Keywords:   constrained inefficiency, futures markets, market failure, non‐diversifiable risk, price stabilization, risk‐pooling, risk‐sharing

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