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

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

Working Papers MoISA from INRA, UMR Moïsa

Abstract: This paper investigates whether Burkinabe maize farmers’ fertilizer-use decisions are correlated with their risk and time preferences. We conducted a survey and a series of hypothetical experiments on a sample of 1,500 farmers. We ?nd that more patient farmers do use more fertilizer, but it is only because they plant more maize (a fertilizer-intensive crop) rather than because they use more fertilizer per hectare of maize planted. Conversely, we ?nd no statistically signi?cant link between risk aversion and fertilizer use. We use a simple two-period model, which suggests that risk aversion may indeed have an ambiguous effect on fertilizer use. ....French Abstract: Ce papier analyse la relation entre les décisions d'utilisation d'engrais des producteurs de maïs au Burkina Faso et les caractéristiques de ces producteurs en termes d'impatience et d'aversion au risque. 1500 producteurs ont été enquêtés sur leurs activités agricoles et ont participé à un dispositif expérimental basé sur des paiements hypothétiques. Notre principal résultat est sur la relation entre l'impatience et l'utilisation d'engrais : nous établissons que les producteurs les plus patients utilisent davantage d'engrais, et plantent davantage de maïs, qui est une plante qui requiert de l'engrais, sans pour autant intensifier leur production de maïs. Nous ne trouvons pas de relation significative entre l'aversion au risque et l'utilisation d'engrais.

Keywords: FERTILIZER; RISK AVERSION; TIME PREFERENCES; ENGRAIS; AVERSION AU RISQUE; IMPATIENCE; BURKINA FASO (search for similar items in EconPapers)
JEL-codes: D13 D14 D91 O12 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-dev and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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