The role of group-based contracts for risk-sharing; what are the opportunities to cover catastrophic risk?

Miranda Meuwissen*, Mariska Bottema, Lien Ho, Sawitree Chamsai, Kedebe Manjur, Y. de Mey

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

2 Citations (Scopus)

Abstract

Group-based contracts are stimulated by food and agricultural
development programs as powerful tools for risk-sharing. In
successful groups social capital serves as a catalyst for risk
prevention and knowledge sharing. It is however difficult to deal
with catastrophic risk. In this paper we ask whether and how
group-based contracts have been innovated to include
catastrophic risk? The review shows that, albeit at early stage,
innovations emerge from linking up to formal finance markets,
negotiating better risk-sharing deals with upstream and
downstream value chain actors, and upscaling of publicprivate
improvement projects to joint calamity funds. These
changes to group-based contracts are expected to enhance
inclusion. We also identify a research agenda for risk-sharing
via groups.
Original languageEnglish
Pages (from-to)80-84
JournalCurrent Opinion in Environmental Sustainability
Volume41
DOIs
Publication statusPublished - Dec 2019

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