Adoption of conservation agriculture in olive groves: Evidences from southern Spain
In: Land use policy, Band 34
ISSN: 0264-8377
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In: Land use policy, Band 34
ISSN: 0264-8377
In: Economic Analysis and Policy, Band 71, S. 211-226
In: Applied economic perspectives and policy, Band 45, Heft 3, S. 1374-1399
ISSN: 2040-5804
AbstractWe 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.