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

Tristan Le Cotty, Elodie Maître d’Hôtel, Raphael Soubeyran () and Julie Subervie ()
Authors registered in the RePEc Author Service: Elodie Maitre D'Hotel ()

Journal of Development Studies, 2018, vol. 54, issue 11, 1991-2006

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.

Date: 2018
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Related works:
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017) Downloads
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017) Downloads
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017)
Working Paper: Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso (2017)
Working Paper: Linking Risk Aversion, Time Preference and Fertilizer Use in Burkina Faso (2017) Downloads
Working Paper: Linking risk aversion, time preference and fertilizer use in Burkina Faso (2017) Downloads
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