Details

Autor(en) / Beteiligte

• 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
• Maksan, Marina Tomić
• Vecchio, Riccardo
• Willinger, Marc
• Zagórska, Katarzyna

Titel

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

Ist Teil von

• Applied economic perspectives and policy, 2023-09, Vol.45 (3), p.1374-1399

Ort / Verlag

Boston, USA: Wiley Periodicals, Inc

Erscheinungsjahr

2023

Quelle

Business Source Ultimate

Beschreibungen/Notizen

• 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.