Leuphana Universität Lüneburg >
Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
Please use this identifier to cite or link to this item:
| || |
|Title:||Risk preferences under heterogeneous environmental risk |
Quaas, Martin F.
|Issue Date:||2011 |
|Series/Report no.:||University of Lüneburg Working Paper Series in Economics 208|
|Abstract:||We study risk preferences and their determinants for commercial cattle farmers in Namibia who are subject to high and heterogeneous precipitation risk, using data from questionnaire and field experiments, simulated data for on-farm precipitation risk and data on famers' previous place of residence. We find that the relationship between risk preferences and precipitation risk is contingent on early-life experience with this risk. We also find that adult farmers self-select themselves onto farms according to their risk preferences. Results are not confounded by background risks or liquidity constraint.|
|Document Type:||Working Paper|
|Appears in Collections:||Working Paper Series in Economics, Leuphana Universität Lüneburg |
Download bibliographical data as:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.