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Linking risk aversion, time preference and fertilizer use in Burkina Faso

Tristan Le Cotty, Elodie Maitre D'Hotel (), Raphael Soubeyran () and Julie Subervie ()
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Tristan Le Cotty: UMR CIRED - Centre International de Recherche sur l'Environnement et le Développement - AgroParisTech - EHESS - École des hautes études en sciences sociales - CIRAD - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper investigates whether Burkinabe maize farmers' fertilizer-use decisionsare correlated with their risk and time preferences. We conducted a survey and a se-ries of hypothetical experiments on a sample of 1,500 farmers. We find that morepatient farmers do use more fertilizer, but it is only because they plant more maize (afertilizer-intensive crop) rather than because they use more fertilizer per hectare ofmaize planted. Conversely, we find no statistically significant link between risk aver-sion and fertilizer use. We use a simple two-period model, which suggests that riskaversion may indeed have an ambiguous effect on fertilizer use.

Keywords: agriculture; risk aversion; time preferences; agricultural price; western africa; fertilizer; aversion au risque; prix agricole; burkina faso; afrique occidentale; engrais (search for similar items in EconPapers)
Date: 2017
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01575339
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Published in The Journal of Development Studies, Taylor & Francis (Routledge), 2017, à paraitre, à paraître. 〈10.1080/00220388.2017.1344645〉

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Related works:
Journal Article: Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso (2018) 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) Downloads
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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01575339

DOI: 10.1080/00220388.2017.1344645

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