Eliciting farmers' risk and uncertainty preferences using contextualized field experiments in developing countries: a pilot study

Simone Cerroni*, Martina Bozzola, Ruggiero Rippo

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

In this chapter, we use a novel approach to elicit risk and uncertainty preferences using contextualized field experiments in developing countries. The elicitation of uncertainty preferences relies on the use of elicited subjective probability distributions. The approach presented here is based on implementing incentivized and incentive-compatible mechanisms for eliciting beliefs and preferences. We present results from a pilot study conducted in Zimbabwe with a sample of horticultural producers. Our contextualization relates to price risk mitigation and contract farming.

Original languageEnglish
Title of host publicationManaging risk in agriculture: a development perspective
EditorsAshok K. Mishra, Subal Kumbhakar, Gudbrand Lien
PublisherCAB International
Pages85-100
Number of pages16
ISBN (Electronic)9781800622272, 9781800622289
ISBN (Print)9781800622265
DOIs
Publication statusPublished - 02 Oct 2023

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • General Business,Management and Accounting
  • General Engineering
  • General Agricultural and Biological Sciences

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