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Farmers' risk preferences in 11 European farming systems [Elektronski vir] : a multi-country replication of Bocquého et al. (2014)Rommel, Jens ...We replicate Bocquého 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.Source: Applied economic perspectives and policy [Elektronski vir]. - ISSN 2040-5804 (Vol. 45, iss. 3, 2023, str. 1374-1399)Type of material - e-article ; adult, seriousPublish date - 2023Language - englishCOBISS.SI-ID - 127693315
Author
Rommel, Jens |
Šumrada, Tanja, 1992-
Topics
kmetijstvo |
načini kmetovanja |
tveganja |
modeli
Author | Rommel, Jens ... |
Title | Farmers' risk preferences in 11 European farming systems [Elektronski vir] : a multi-country replication of Bocquého et al. (2014) |
Publication date | 2022-10-25 |
COBISS.SI-ID | 127693315 |
Publication version in repository | Publisher's version |
Publication licence | Creative Commons Attribution-NonCommercial 4.0 International |
Embargo | Immediate publication for public |
Project(s) from which the publication was funded
Title | Acronym | Project ID | Funder |
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Building resilience for Swedish food production under increasing risk of extreme weather | 2019-00993 | ||
Investments for the Future Program | #DigitAg | ANR-16-CONV-0004 | |
EXPRO Program: Frontiers in Energy Efficiency Economics and Modelling | grant 19-26812X | ||
Ekonomika agroživilstva in naravnih virov | P4-0022-2018 |
Javna agencija za znanstvenoraziskovalno in inovacijsko dejavnost Republike Slovenije |
|
Boosting Excellence in Experimental Research for Agri-Food Economics and Management | AgriFoodBoost | 952303 |
European Commission |
Project PRIN DRASTIC: Driving The Italian Agri-Food System Into A Circular Economy Model, PRIN-MIUR – Call 2017 | 2017JYRZFF | ||
Programming and data-gathering for replication of the Bocquého et al. (2013) experiment | JRC/SVQ/2021/VLVP/0333 |
Files that belong to the publication
Link |
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https://onlinelibrary.wiley.com/doi/10.1002/aepp.13330 |
https://repozitorij.uni-lj.si/IzpisGradiva.php?id=151871 |
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Database name | Field | Year |
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Links to authors' personal bibliographies | Links to information on researchers in the SICRIS system |
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Rommel, Jens | |
Šumrada, Tanja, 1992- | 50530 |
Source: Personal bibliographies
and: SICRIS
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