Farmers' risk preferences in 11 European farming systems: A multi‐country replication of Bocquého et al. (2014) - Centre d'Economie de l'Environnement - Montpellier Accéder directement au contenu
Article Dans Une Revue Applied Economic Perspectives and Policy Année : 2022

Farmers' risk preferences in 11 European farming systems: A multi‐country replication of Bocquého et al. (2014)

Marija Cerjak
Tajana Čop
Mikołaj Czajkowski
Laure Kuhfuss
Tanja Šumrada
Marina Tomić Maksan
Katarzyna Zagórska

Résumé

We replicate Bocqueho et al. (2014), who used multiple price lists to investigate the risk preferences of 107 French farmers. We collected new data from 1430 participants in 11 European farming systems. In agreement with the original study, farmers' risk preferences are best described by Cumulative Prospect Theory. Structural model estimates show that farmers in the new samples are, on average, less loss averse and more susceptible to probability distortion than in the original study. Explorative analyses indicate differences between estimation approaches, as well as heterogeneity between and within samples. We discuss challenges in replications of economic experiments with farmers across farming contexts.
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hal-03829945 , version 1 (27-10-2022)

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Paternité - Pas d'utilisation commerciale

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Jens Rommel, Julian Sagebiel, Marieke Cornelia Baaken, Jesús Barreiro-Hurlé, Douadia Bougherara, et al.. Farmers' risk preferences in 11 European farming systems: A multi‐country replication of Bocquého et al. (2014). Applied Economic Perspectives and Policy, 2022, ⟨10.1002/aepp.13330⟩. ⟨hal-03829945⟩
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