Linking risk aversion, time preference and fertiliser use in Burkina Faso
This paper investigates whether Burkinabe maize farmers' fertiliser-use decisions are correlated with their risk and time preferences. We conducted a survey and a series of hypothetical experiments on a sample of 1500 farmers. We find that more patient farmers do use more fertiliser, but it is only because they plant more maize (a fertiliser-intensive crop) rather than because they use more fertiliser per hectare of maize planted. Conversely, we find no statistically significant link between risk aversion and fertiliser use. We use a simple two-period model, which suggests that risk aversion may indeed have an ambiguous effect on fertiliser use.
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| Main Authors: | , , , |
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| Format: | article biblioteca |
| Language: | eng |
| Subjects: | F04 - Fertilisation, http://aims.fao.org/aos/agrovoc/c_8081, |
| Online Access: | http://agritrop.cirad.fr/585187/ http://agritrop.cirad.fr/585187/7/Linking%20Risk%20Aversion%20Time%20Preference%20and%20Fertiliser%20Use%20in%20Burkina%20Faso.pdf |
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