Author : Hrabrin Bachev
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Book Synopsis Managing Multiple Risks in Dairy Sector by : Hrabrin Bachev
Download or read book Managing Multiple Risks in Dairy Sector written by Hrabrin Bachev and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Risks management studies in agrarian and dairy sector predominately focus on the technical methods and the capability to perceive, prevent, mitigate, and recover from a particular type of risk. In related literature, the risk is usually studied as other commodities regulated by market supply and demand, and the farmer's willingness to pay for an insurance contract. At the same time, risk management analysis largely ignores the significant human nature-based risks, the critical factors for the managerial choice such as the institutional environment and the transaction costs, and diversity of alternative (market, private, collective, public, and hybrid) modes of risk management. This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing risk management in agrarian and dairy sector. The analysis of the modes, efficiency and challenges of risk management in Bulgarian dairy sector brings forth a number of academic, business and policy recommendations.