Risk Management in Agri-Food Chain
30 Pages Posted: 21 Jun 2012
Date Written: May 24, 2012
This paper incorporates the interdisciplinary New Institutional Economics and presents a comprehensive framework for analyzing the risk management in agri-food sector. First, it specifies the diverse (natural, technical, behavioral, economic, policy etc.) type of agri-food risks, and the (market, private, public and 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 the risk governance. Finally, it identifies contemporary opportunities and challenges for risk governance in agri-food chain.
Keywords: risk management, market, private, and public governance, agri-food chain
JEL Classification: D23, D81, L14, L22, L25, O17, Q12, Q13, Q18, Q52
Suggested Citation: Suggested Citation