Arbeitspapier

Risk preferences under heterogeneous environmental risk

We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers' previous place of residence. We find that the relationship between risk preferences and precipitation risk is contingent on early-life experience with this risk. We also find that adult farmers self-select themselves onto farms according to their risk preferences. Results are not confounded by background risks or liquidity constraint.

Sprache
Englisch

Erschienen in
Series: Working Paper Series in Economics ; No. 208

Klassifikation
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Ecological Economics: Ecosystem Services; Biodiversity Conservation; Bioeconomics; Industrial Ecology
Thema
risk preferences
environmental risk
experimental elicitation
endogenous preferences
self-selection
field experiment
Weidewirtschaft
Rinderhaltung
Landwirte
Risikopräferenz
Bodenbelastung
Namibia

Ereignis
Geistige Schöpfung
(wer)
Olbrich, Roland
Quaas, Martin F.
Haensler, Andreas
Baumgärtner, Stefan
Ereignis
Veröffentlichung
(wer)
Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre
(wo)
Lüneburg
(wann)
2011

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Olbrich, Roland
  • Quaas, Martin F.
  • Haensler, Andreas
  • Baumgärtner, Stefan
  • Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre

Entstanden

  • 2011

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