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Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso

Abstract : 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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https://hal-enpc.archives-ouvertes.fr/hal-01662664
Contributor : Tristan Le Cotty Connect in order to contact the contributor
Submitted on : Wednesday, December 13, 2017 - 12:50:28 PM
Last modification on : Friday, August 5, 2022 - 2:38:11 PM

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Tristan Le Cotty, Elodie Maître d'Hôtel, Raphael Soubeyran, Julie Subervie. Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso. The Journal of Development Studies, Taylor & Francis (Routledge), 2017, 54 (11), pp.1-16. ⟨10.1080/00220388.2017.1344645⟩. ⟨hal-01662664⟩

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