Pregled bibliografske jedinice broj: 1226777
Farmers' risk preferences in 11 European farming systems: A multi-country replication of Bocquého et al. (2014)
Farmers' risk preferences in 11 European farming systems: A multi-country replication of Bocquého et al. (2014) // Applied Economic Perspectives and Policy, (2022), 44; 1-26 doi:10.1002/aepp.13330 (međunarodna recenzija, članak, znanstveni)
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Naslov
Farmers' risk preferences in 11 European farming
systems: A multi-country replication of Bocquého
et al. (2014)
Autori
Rommel, Jens ; Sagebiel, Julian ; Baaken, Marieke Cornelia ; Barreiro-Hurlé, Jesús ; Bougherara, Douadia ; Cembalo, Luigi ; Cerjak, Marija ; Čop, Tajana ; Czajkowski, Mikołaj ; Espinosa-Goded, María ; Höhler, Julia ; Kuhfuss, Laure ; Lagerkvist, Carl-Johan ; Lapierre, Margaux ; Lefebvre, Marianne ; Matzdorf, Bettina ; Ott, Edward ; Paparella, Antonio ; Quendler, Erika ; Rodriguez-Entrena, Macario ; Schulze, Christoph ; Šumrada, Tanja ; Tensi, Annika ; Thoyer, Sophie ; Tomić Maksan, Marina ; Vecchio, Riccardo ; Willinger, Marc ; Zagórska, Katarzyna
Izvornik
Applied Economic Perspectives and Policy (2040-5790)
(2022), 44;
1-26
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
agriculture, artefactual field experiment, cumulative prospect theory, expected utility theory, risk attitude
Sažetak
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.
Izvorni jezik
Engleski
Znanstvena područja
Poljoprivreda (agronomija), Ekonomija
POVEZANOST RADA
Ustanove:
Agronomski fakultet, Zagreb