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
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Objekttyp
- Arbeitspapier
Beteiligte
- Olbrich, Roland
- Quaas, Martin F.
- Haensler, Andreas
- Baumgärtner, Stefan
- Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre
Entstanden
- 2011