Title: Managing environmental risk in agriculture: a systematic perspective on the potential of quantitative policy-oriented risk valuation

Authors: Chiara M. Travisi, Peter Nijkamp

Addresses: Fondazione Eni Enrico Mattei, C.so Magenta 63, 20123 Milano, Italy; Group of Regional Economics, Department of Management Economics and Industrial Engineering, Politecnico of Milano, Milan, Italy. ' Department of Spatial Economics, VU University, De Boelelaan 1105, 1081 HV, Amsterdam, The Netherlands

Abstract: This article seeks to offer a systematic overview of methods and techniques for valuing environmental quality degradation, with a particular view to the management of agricultural risk, against the background of policy relevance. The article argues that modern valuation methods from ecological economics can play an important role in advancing transparent policy decisions, but at the same time the article also warns against unjustified optimism. Consequently, also a systematic review of various caveats in evaluation methods is offered.

Keywords: agriculture; environmental valuation; environmental risks; risk management; risk assessment; environmental quality; environmental degradation; agricultural risk.

DOI: 10.1504/IJETM.2009.027186

International Journal of Environmental Technology and Management, 2009 Vol.11 No.1/2/3, pp.27 - 46

Published online: 17 Jul 2009 *

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