... growers in British Columbia (BC). Design/methodology/approach A hybrid model combining expected utility (EU) and prospect values is developed to analyse farmers' demand for WII. Findings While weather data are used to investigate supply elements, a hybrid model combining EU theory and prospect...

... for insurance companies. Risk management Risk aversion Mutual fund Gross margin Expected utility Wine cooperative Climate change enhances the frequency of extreme weather phenomena, affects farming systems on the backs of farmers and downstream operators (Ritter et al., 2014...

... discuss the consequences of anti-hail nets adoption on the actuarial soundness of the insurance market. Design/methodology/approach In this paper the authors firstly develop a theoretical model based on expected utility theory to compare the profitability of no-hedging against insurance and anti-hail...

... analysis comparing different strategies to manage hail risk, taking into account farmers’ risk aversion and farm-specific conditions. Design/methodology/approach Within an expected utility framework, two different strategies for managing hail risk are compared: one belonging to the group of financial...

... in the cooperative. © Emerald Group Publishing Limited 2007 Cooperative Expected utility Futures Options Risk management Value‐at‐risk ...