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Expected Utility or Prospect Theory Maximizers? Results from a Structural Model based on Field-experiment Data

Bocqueho, Geraldine; Jacquet, Florence; Reynaud, Arnaud - European Association of Agricultural Economists - EAAE - 2011

We elicit risk preferences of French farmers in a field experimental setting under expected utility theory and cumulative prospect theory. We use two different estimation methods, namely the interval approach and the estimation of a random preference model. On average, farmers are risk averse...

Persistent link: https://www.econbiz.de/10009326459

Can fishing tourism improve sustainability of fishing chain?

Lai, Maria Bonaria - European Association of Agricultural Economists - EAAE - 2010

One environmental event verified during the last years in the Mediterranean sea is that the presence of tropical fishes is causing death of the original fauna. This has attracted the attention of not only the fishermen, but also that of the European Community and all of the associations (public...

Persistent link: https://www.econbiz.de/10009398377

Structuring Consumer Preferences with the SEM Method

Rosa, Franco - European Association of Agricultural Economists - EAAE - 2002

Structuring preferences has been developed with econometric models using functional flexible parametric form and the exploring the perceptions about expressed and latent needs using different multivariate approaches. Purpose of this research is to explore the demand for a new drink using the...

Persistent link: https://www.econbiz.de/10004991718

Uncertain Land Availability and Perceived Biases in Investment Decisions: The Case of Dutch Dairy Farms

Feinerman, Eli; Peerlings, Jack H.M. - European Association of Agricultural Economists - EAAE - 2002

Uncertainty about the possibility of acquiring land can be rather large in the EU for sectors like dairy farming. Farm … profit-maximizing farmer, facing uncertainty about the possibility of acquiring land, had to choose the optimal mix of … decisions without reference to the uncertainty associated with the possibility of acquiring land. …

Persistent link: https://www.econbiz.de/10005220772

EX-ANTE EVALUATION OF AGRI-ENVIRONMENTAL SCHEMES: COMBINING ELEMENTS OF PRIVATE AND PUBLIC DECISION MAKING

Bartolini, Fabio; Gallerani, Vittorio; Viaggi, Davide - European Association of Agricultural Economists - EAAE - 2008

timing of choice and the uncertainty in the future about price and decoupled payments. Aggregate policy impact is identified …

Persistent link: https://www.econbiz.de/10005321077

Environmental Good Production in the Optimum Activities Portfolio of a Risk Averse Farmer

Havlik, Petr; Jacquet, Florence; Boisson, Jean-Marie; … - European Association of Agricultural Economists - EAAE - 2005

uncertainty. Environmental good production contracted by means of agri-environmental agreements is treated as a risk less option … corresponding argi-environmental programme, 2) a lump sum payment matters under uncertainty, 3) the overall impact of the lump sum … goods, and on the level of uncertainty. …

Persistent link: https://www.econbiz.de/10005327228

Estimating State-Contingent Production Functions

Rasmussen, Svend; Karantininis, Kostas - European Association of Agricultural Economists - EAAE - 2005

The paper reviews the empirical problem of estimating state-contingent production functions. The major problem is that states of nature may not be registered and/or that the number of observation per state is low. Monte Carlo simulation is used to generate an artificial, uncertain production...

Persistent link: https://www.econbiz.de/10005327236

Lack of Credibility in Food Markets - Driving Medium Quality Food Out of the Market

Christensen, Jan; Graversen, Jesper T. - European Association of Agricultural Economists - EAAE - 2005

of consumer confidence is presented. Uncertainty regarding the quality of alleged medium quality products provides …

Persistent link: https://www.econbiz.de/10005327239

Modelling the Impact of the CAP Reform on Farm Investments

Sckokai, Paolo; Moro, Daniele - European Association of Agricultural Economists - EAAE - 2005

farm investments, mainly as a result of the increased output price volatility, which increases the level of uncertainty …

Persistent link: https://www.econbiz.de/10005327272

Uncertainty in Individuals' Preferences for Non-commodity Outputs Provided by Rural Development Programs (RDPs): A Contingent Valuation Approach

Dominguez-Torreiro, Marcos; Solino, Mario - European Association of Agricultural Economists - EAAE - 2011

individuals’ perceptions of and willingness to pay (WTP) for the implementation of a RDP in Cantabria, Spain. Uncertainty in … is made between the open-ended (OE) and the multiple bounded uncertainty (MBU) elicitation formats. According to our …

Persistent link: https://www.econbiz.de/10009326233