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Journal Articles The Journal of Development Studies Year : 2017

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

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.

Dates and versions

hal-01662664 , version 1 (13-12-2017)

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Tristan Le Cotty, Elodie Maître d'Hôtel, Raphael Soubeyran, Julie Subervie. Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso. The Journal of Development Studies, 2017, 54 (11), pp.1-16. ⟨10.1080/00220388.2017.1344645⟩. ⟨hal-01662664⟩
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