Farmers’ preferences over conservation contract flexibility and duration: an estimation of the effect of transaction costs using choice experiment

Douadia Bougherara, Geraldine Ducos and . European School On New Institutional Economics
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Geraldine Ducos: Économie et Sociologie Rurales - INRA - Institut National de la Recherche Agronomique
. European School On New Institutional Economics: ESNIE - European School on New Institutional Economics

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Abstract: In this article, we analyze farmers' preferences for variations in three conservation contract attributes, namely flexibility, duration and bureaucratic tasks. Assuming farmers' preferences to be directly related to their profit variation, we present the different trade-offs associated to each attribute independently. We then show how the choice experiment methodology allows (i) to provide new empirical tests exempt from some endogeneity issues, (ii) to elicit the role of transaction costs on farmers' preferences, and (iii) to estimate and disentangle the effect of transaction costs on farmers' preferences. The empirical analysis is based on an experiment among 171 French farmers in 2005. Results highlight the role of transaction costs in farmers' preferences, among them, the effect of maladaptation costs is predominant.

Keywords: TRANSACTION COST; CHOICE EXPERIMENT; FARMER; PREFERENCE; CONTRACT (search for similar items in EconPapers)
Date: 2006-11-23
Note: View the original document on HAL open archive server: https://hal.science/hal-01939954v1
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Citations: View citations in EconPapers (8)

Published in 1. Journée de l'ESNIE, Nov 2006, Paris, France. 26 p

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01939954

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