Is the risk attitude measured with the Holt and Laury task reflected in farmers' production risk?

被引：24

作者：

Vollmer, Elisabeth ^{[1
]}

Hermann, Daniel ^{[1
]}

Musshoff, Oliver ^{[1
]}

机构：

[1] Georg August Univ Goettingen, Farm Management Grp, Gottingen, Germany

来源：

EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS | 2017年 / 44卷 / 03期

关键词：

farmers' risk attitude; Holt and Laury task; experimental economics; production risk; panel data; C91; Q12; D81; EXTERNAL VALIDITY; JOINT ESTIMATION; COTTON FARMERS; MICRO-EVIDENCE; PREFERENCES; TECHNOLOGY; TIME; AVERSION; BEHAVIOR; ADOPTION;

D O I：

10.1093/erae/jbx004

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

This paper investigates the explanatory power of the risk attitude measured with the Holt and Laury (HL) task for farmers' production decision behaviour. In order to achieve this, a Just and Pope production function is estimated using panel data of German farmers. The results show that the farmers' risk attitude elicited using the HL task is correlated with their respective production risk. With higher risk aversion, less production risk is tolerated. Consequently, a neutrally framed HL task is proven to be an appropriate reflection of the risk farmers take in real production decisions.

引用

页码：399 / 424

页数：26

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