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

verfasst von

Jens Rommel, Julian Sagebiel, Marieke Cornelia Baaken, Jesús Barreiro-Hurlé, Douadia Bougherara, Luigi Cembalo, Marija Cerjak, Tajana Čop, Mikołaj Czajkowski, María Espinosa-Goded, Julia Höhler, Laure Kuhfuss, Carl-Johan Lagerkvist, Margaux Lapierre, Marianne Lefebvre, Bettina Matzdorf, Edward Ott, Antonio Paparella, Erika Quendler, Macario Rodriguez-Entrena, Christoph Schulze, Tanja Šumrada, Annika Tensi, Sophie Thoyer, Marina Tomić Maksan, Riccardo Vecchio, Marc Willinger, Katarzyna Zagórska

Abstract

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.

Organisationseinheit(en)

Institut für Umweltplanung

Externe Organisation(en)

Swedish University of Agricultural Sciences
Deutsches Zentrum für integrative Biodiversitätsforschung (iDiv) Halle-Jena-Leipzig
Philipps-Universität Marburg
Gemeinsame Forschungsstelle (GFS)
Center for Environmental Econimics - Montpellier (CEE-M)
Università degli Studi di Napoli Federico II
University of Zagreb
Uniwersytet Warszawski
Charles University
Universidad de Sevilla
Wageningen University and Research
The James Hutton Institute
Université d'Angers
Leibniz-Zentrum für Agrarlandschaftsforschung (ZALF) e.V.
Universidad de Cordoba
University of Ljubljana
Helmholtz-Zentrum für Umweltforschung (UFZ)
Bundesanstalt für Agrarwirtschaft und Bergbauernfragen (BAB)

Typ

Artikel

Journal

Applied Economic Perspectives and Policy

Band

45

Seiten

1374-1399

Anzahl der Seiten

26

ISSN

2040-5790

Publikationsdatum

03.08.2023

Publikationsstatus

Veröffentlicht

Peer-reviewed

Ja

ASJC Scopus Sachgebiete

Entwicklung, Volkswirtschaftslehre und Ökonometrie

Elektronische Version(en)

https://doi.org/10.1002/aepp.13330 (Zugang: Offen)
https://doi.org/10.15488/14040 (Zugang: Offen)